You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World Oil Decline Continues As Executive Blames Trump For Trading Fatigue Oil Decline Continues As Executive Blames Trump For Trading Fatigue by Ship & Bunker News Team Friday June 12, 2026 Tweet Follow @shipandbunker Elsewhere, war-related market panic seems at odds with consumer sentiment: File Image/Pixabay Despite rumblings in the wake of U.S. president Donald Trump ’s statement in the previous session that a peace deal between the U.S. and Iran was imminent, optimistic investors caused another round of price declines  for oil on Friday – to the tune of 3.1 percent as of 1942 GMT. This put Brent in the neighbourhood o f $87.58 per barrel and deepened its weekly loss. Also easing investor concerns was a survey from the University of Michigan suggesting that U.S. consumer sentiment was not as bad as economists feared: it reflected the relief many motorists felt in the wake of gasoline prices easing in June. “ The market is increasingly betting that both sides ultimately have more to lose from failure than compromise Haris Khurshid, chief investment officer, Karobaar Capital More good news on Friday was delivered by U.S. energy secretary Chris Wright, who   told delegates at a Bloomberg Energy event in Houston   that the U.S. military was now helping move roughly 7 million barrels per day (bpd) of oil out of the Persian Gulf , roughly half the amount that remained stranded due to Iran’s blockage of the Strait of Hormuz – meaning that current exports were running at about one-third of normal levels, far higher than many analysts assumed. Meanwhile, a senior executive from a major trading desk told media, "People are ex