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Oil Prices Plummet Amid Rising US-Iran Tensions

6/12/2025

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Summary

Story summary

Oil prices declined on Thursday, reversing a previous 4% increase amid rising US-Iran tensions.
Brent crude decreased by 1.5% to $68.75, while West Texas Intermediate also fell 1.5% to $67.10.
The US is evacuating non-essential personnel from Iraq due to escalating conflict concerns.
President Trump emphasized that Iran must not acquire nuclear weapons, heightening geopolitical risks.

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Story summary

Oil prices declined on Thursday, reversing a previous 4% increase amid rising US-Iran tensions.
Brent crude decreased by 1.5% to $68.75, while West Texas Intermediate also fell 1.5% to $67.10.
The US is evacuating non-essential personnel from Iraq due to escalating conflict concerns.
President Trump emphasized that Iran must not acquire nuclear weapons, heightening geopolitical risks.