Baku 23° C
Oil prices fall over 2% after signing of US-Iran MoU
Energy
- 18 June, 2026
- 09:45
Add Report.az to preferred Google sources
Stay up to date with the top news!
Global oil prices fell over 2% following the signing of a memorandum of understanding between the US and Iran, Report informs referring to trading data.
The price of August Brent crude oil futures fell 2.23% from the previous close, to $77.78 per barrel. July WTI crude oil futures fell 2.55% to $74.83.
Markets are assessing geopolitical news regarding the situation in the Middle East. Earlier on Thursday, US President Donald Trump announced that he had signed a memorandum of understanding between the United States and Iran, ending the conflict between the two countries.
Author
Latest News
17:14
ITA: Italy to be main partner country for BakuBuild 2026 exhibition
Economy
17:13
Photo
Czech transport minister visits Baku Railway Station
Infrastructure
17:09
Video
Sites of Memory of Western Azerbaijan: History of Boyuk Mazra
Domestic policy
17:06
Ilham Aliyev: Azerbaijan, Cambodia exploring opportunities to establish joint production facilities in various sectors
Foreign policy
16:54
Cambodia offers Azerbaijani investors tax incentives for up to 12 years
Business
16:49
Photo
Azerbaijan participates in OIV World Congress in China
AIC
16:42
Chinese Foreign Minister to visit Azerbaijan
Foreign policy
16:41
Mikayil Jabbarov: Cambodia can help Azerbaijan expand cotton processing
Business
16:37
KazTransOil boosts oil shipments toward BTC
Energy