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Crude oil prices fall on reports that Iran is seeking a truce with Israel.

Crude oil prices fall on reports that Iran is seeking a truce with Israel.

02 MIN 30 SEC

Reuters

New York, United States (June 16, 2025) - 12:16 hrs

Crude oil prices closed up 7 percent on Friday.

Crude oil prices closed up 7 percent on Friday. Credit: AP

Oil prices fell $1 on Monday after rising 7 percent on Friday, following news that Iran is seeking an end to hostilities with Israel, raising the prospect of a truce and easing fears of a disruption to crude oil supplies from the region.

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