The price of Brent crude oil dropped to $83 per barrel Monday morning, according to market reports, following the announcement of a peace deal between the United States and Iran. The decline extends a volatile period driven by the negotiations.
Brent crude fell to $83 per barrel Monday morning, according to market reports, as the market absorbed the US-Iran peace deal announced earlier. The drop continues a sharp decline from earlier this month: as The Zioneer reported at 06:31 Monday, WTI crude was trading around $80.2 and Brent at about $83.1, down roughly 4.8%. The latest figure of $83 for Brent represents a further modest decline from that level. The deal, announced by President Trump, has driven a sustained sell-off in oil markets on expectations that Iranian supply could return to global markets. The price remains well below the $93 level seen last Wednesday after Trump threatened Iran, and below the $90 level reported Thursday evening.
The thread opened at 01:08 Jerusalem Monday with an initial report by market sources cited by Barak Betesh (i24NEWS) of a dramatic collapse in prices prevailing late Sunday evening. Within an hour the desk published a version at 01:08 noting that crude had fallen 4% in early Monday trading following a since-deleted single-source post claiming a US-Iran peace deal, with the market acting on that claim. By 06:31 the desk reported further declines, with WTI at $80.2 and Brent at $83.1, drawing on multiple market reports and reflecting increased corroboration of the underlying deal narrative. This 11:32 update shows Brent at a confirmed $83, anchoring the move in the Trump announcement.
As The Zioneer reported on Wed Jun 10 at 19:20 Jerusalem, oil surged above $93 after Trump threatened Iran and disclosed a U.S. operation seizing 22 Iranian oil tankers. On Tue Jun 9 at 19:16 the desk had reported a 5% US crude drop on deal hopes. The deal structure itself — requiring, per Iranian clarifications, a full lifting of frozen assets and a complete withdrawal — was attributed by The Zioneer at 07:23 Monday.
The precise implementation timeline and whether the deal will survive political or legislative challenges in either country remain unverified. It is also not yet clear whether the price will stabilize near $80-83 or continue falling toward pre-surge levels.
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