Iran scraps Trump peace talks over Israeli strikes on Lebanon, sending markets lower

CryptopolitanJun 19, 2026 10:25 AM

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U.S.-Iran talks were called off after Israeli strikes on Lebanon, and JD Vance canceled his Switzerland trip.
Brent fell to $79.49, while WTI slipped to $76.36 as peace hopes weakened.
Iran allowed tankers carrying more than 12 million barrels through Hormuz without firing on ships.
Asian markets were mixed, OPEC stayed bullish on oil demand, and several major exchanges were closed.

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