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Oil prices fall after Trump cancels planned strikes on Iran

financeJun 11, 2026371,254

President Donald Trump called off planned new strikes on Iran, and Brent and West Texas Intermediate crude slid as markets repriced the lower near-term escalation risk. The Dow and Nasdaq moved higher and broader U.S. stocks gained as investors shifted away from safe-haven energy positions. The oil pullback trimmed the geopolitical premium that had supported fuel and energy shares and eased immediate inflation and market-volatility concerns.

George Pearkes
@peark.es

So Trump told Netanyahu that it includes removing enriched nuclear material, dismantling enrichment infrastructure, limits on missile production, and an end to Iranian support for Hezbollah etc. Uh. Okay. What exactly did they get in return?


Barak Ravid
@BarakRavid
Prime Minister's Office: "President Trump spoke this evening with Prime Minister Benjamin Netanyahu regarding the memorandum of understanding being formulated with Iran as a framework for entering negotiations. Although Israel is not a party to the memorandum of understanding, the Prime Minister expressed his appreciation for President Trump's commitment that the final agreement resulting from the negotiations will include the removal of enriched nuclear material, the dismantling of enrichment infrastructure, limits on missile production, and an end to Iran's support for its terrorist proxies in the region"
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Barak Ravid
@BarakRavid
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2h
🚨🇺🇸🇮🇷Trump cancels Iran strikes as mediators claim deal close. My story on @axios 
https://axios.com/2026/06/11/trump-cancel-iran-strikes-deal-strait
4:14 PM · Jun 11, 2026
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3,486
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1621h ago
George Pearkes102

Of course maybe Trump was just saying whatever Bib wanted to hear. And maybe they just threw cash at Iran in massive size. Both totally possible. Or..

GOLIKEHELLMACHINE65

nothing because i don’t think any of this happened

Brent June51

Nuclear enrichment etc are not part of the MOU (which was basically written by the Iranians) to be signed now, but are supposed to be at the end of the negotiations the ceasefire MOU that will happen during the cease fire, lol

Tactical Onions Vendor9

tapping the Barak Ravid sign (it says “he’s lying for the trump administration“)

lakes5

Iran: “we thank trump for his statement announcing unilateral surrender” Israel: “we thank trump for his statement announcing Iran’s unilateral surrender”

Lee Ping5

There’s no way the Iranians agreed to this. They know they have Trump over a barrel

eggnog slut4

So the framework for entering negotiations is the same asks they've had for 3 months that haven't led to any deals

Steve Zorowitz4

But that's what he says will be in the final deal (yeah sure). They're just signing a framework to discuss that. Or maybe just an understanding of a framework. Or even a memo of an inderstanding.

Fred, His Enemy Getting a Vote2

Wrong tense. Not does, will.

Connor Lynch2

Trump is not saying Iran agreed to do those things now but making promises about what he will be able to get in the future negotiations—ie, the significance of those things is that they are not part of any deal on the strait.

Ourkid2

The final agreement will…..subject to the negotiations 😂

hanseatic.bsky.social2

This kind of reads like Netenyahu is trying to set the terms to Trump, not Trump claiming this is in the deal

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