Crude oil falls, global stock markets rise, Trump says US Iran may reach peace agreement BlockBeats News: On June 12th, after US President Trump canceled his third consecutive military strike plan against Iran and stated that a peace agreement may be imminent, there was a clear reaction in global financial markets, with oil prices falling and stock markets generally rising. The international benchmark Brent crude oil price fell more than 1% to about $89 per barrel; US WTI crude oil also fell by about 1% to $87 per barrel. The market focus is on whether the shipping risks in the Strait of Hormuz have eased, which typically carries about one-fifth of global crude oil trade. In terms of stock markets, Asian markets have seen a significant increase. The KOSPI index in South Korea rose more than 8%, the Nikkei 225 index in Japan rose nearly 4%, and the stock markets in China, Hong Kong, and Taiwan also generally rose. US stock futures rose simultaneously, indicating a rebound in risk appetite. At the same time, gasoline prices in the United States have slightly fallen to an average of $4.13 per gallon, but are still up nearly 40% from before the conflict. The price of diesel has dropped to $5.28 per gallon. Analysts pointed out that although the market has responded positively to the easing of the situation, Iran still stated that negotiations have not been finalized, and supply chain risks in the Strait of Hormuz remain a key variable affecting energy prices. [Original link]