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Oil prices fall as Iran and Israel halt attacks, easing geopolitical tensions.

Market News
08 Jun 2026
FXEmpire
View Source
Neutral
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Oil prices retreated after Iran and Israel stopped their military attacks, calming geopolitical tensions that had pushed prices higher. WTI oil pulled back from session highs and is testing support around $91. Brent oil dropped below $95 after failing to hold above $96. Natural gas prices also declined due to bearish weather forecasts reducing near-term demand expectations. The market remains cautious as U.S.-Iran negotiations continue amid unresolved regional conflicts, which could still impact future supply and prices.

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