Signs indicate that the Middle East conflict may not disrupt crude oil production, leading to a decline in international crude oil prices on June 16. Additionally, US President Donald Trump stated that the conflicting countries are willing to engage in dialogue.

West Texas Intermediate (WTI) crude for July delivery decreased by US$1.21, reaching US$71.77 per barrel on the New York Mercantile Exchange. Brent crude for August delivery fell by US$1.00, settling at US$73.23 per barrel.