Skip to main content
BTC / USDTCRYPTO107,400+2.19%ETH / USDTCRYPTO3,840+2.13%SOL / USDTCRYPTO182.40−1.99%BNB / USDTCRYPTO652.30+0.66%XRP / USDTCRYPTO2.2150+1.61%DOGE / USDTCRYPTO0.3850−1.79%TON / USDTCRYPTO5.240+2.34%AVAX / USDTCRYPTO42.60−2.07%LINK / USDTCRYPTO22.40+2.28%ADA / USDTCRYPTO1.0520−1.68%TRX / USDTCRYPTO0.3300+0.92%DOT / USDTCRYPTO8.420+2.93%BTC / USDTCRYPTO107,400+2.19%ETH / USDTCRYPTO3,840+2.13%SOL / USDTCRYPTO182.40−1.99%BNB / USDTCRYPTO652.30+0.66%XRP / USDTCRYPTO2.2150+1.61%DOGE / USDTCRYPTO0.3850−1.79%TON / USDTCRYPTO5.240+2.34%AVAX / USDTCRYPTO42.60−2.07%LINK / USDTCRYPTO22.40+2.28%ADA / USDTCRYPTO1.0520−1.68%TRX / USDTCRYPTO0.3300+0.92%DOT / USDTCRYPTO8.420+2.93%
AboutTraders FairTraders Awards
/
Pricing
Get started→
macroJun 16, 2026, 6:43 AM

WTI Slumps to Three-Month Low Near $79 on US-Iran Deal Optimism

West Texas Intermediate crude oil fell to a three-month low around $79.20 during early European trading Tuesday, pressured by optimism over a potential US-Iran framework deal.

WTI

West Texas Intermediate (WTI) crude oil dropped to a three-month low near $79.00 during early European trading on Tuesday. The benchmark was last seen around $79.20, extending its recent decline.

The slump follows reports that the United States and Iran have agreed on a framework deal. Markets view the tentative agreement as a step that could eventually lead to increased Iranian oil exports, adding to global supply and weighing on prices.

Traders are now watching for further diplomatic developments and immediate inventory data for near-term direction.

Source: FXStreet Forex News