Shut down the weekend trading session, Brent oil prices dropped $3.37% to 87.3 a barrel. This is the lowest since early March, due to the growing American and Iranian confidence investors who will reach a peace agreement.

The US WTI oil prices have also dropped $3.2% to $850,000 a barrel - lowest since mid-July. "What causes markets to go down is Iran saying there's memorandum with America", John Kilduff - analyst at Again Capital Explains. Iranian Foreign Minister Eraqchi on 12/6 said the memorandum was not yet signed and could be changed.

Get out! [citation turns the price of crude oil Brent over the past year. The graph: Trading Economics](httttptts1-kmddn.vnecdn.net/2026/06/06/1/06-06-062959-1-7095-181307304.png?w=20&h=0&q=100&dpr=1&fit=crop&s=WMHH55FuSE RAx3bWArq-w)

Royt turned the price of crude oil Brent over the past year. Graph: Trading Economics

Reuters also quoted as sources from the West for or a report intended to end war in the Gulf region may be signed by the US and Iran early on 14/6. Geneva is currently the most viable location.

US President Donald Trump on 12/6 cancelled Iranian air raid plan. Iran's Faith Mehr also reports the final negotiations on the memorandum will focus on nuclear and economic issues, but does not include Iran's missile program. Meanwhile, Iran's media (IRNA*) said nuclear negotiations would take place within 60 days after the memoirs were signed.

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Even so, Tamas Varga - analyst at PVM Oil Associates claimed that the global oil reserves and in the Middle East remained at a low level and could continue to decline even when the two countries reached the agreement. The world needs more time to ensure that the oil flow is fully restored and uninterrupted.

The Goldman Sachs Bank lowered its cost of Brent Oil on an average in 2027 down to 80 dollars a barrel, due to increased supply and poor demand. The price was still higher than the median 2025 due to the commercial oil storage operation of countries that organized Cooperation and Economic Development (OECD).

On the yellow market, [the gold price] (httts ://nvreexpress.net/chu-de/gia/hang-hom-hom-1403) delivers right now the world only raises nearly $8, up to $4.218 a ounce. This week, the price noted many large shifts. After 2 consecutive cuts with a total of nearly $300, the price is back on for nearly $200.

Over the entire week, the quarter metal fell by 2.3%, scoring the week coming down on Monday in a row, due to the global rate-review investor rising to keep the inflation going.

The CME Fed Watch rate tracking tool shows that investors currently place a bet on the possibility of the U.S. Federal Reserve (Fed) increase in December interest as 57%. The price of gold is still under pressure since the Middle East War broke out at the end of February, due to high price of oil pulling inflation and increasing interest rates, reducing precious metal attractions.

Teau Thu * (subscripting Reuters)