Monday, 12 October 2026 Updated 33 min ago
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Business Ukraine

Oil falls after Trump declares 'energy ceasefire' between Russia and Ukraine

News of Iran reportedly offered to mediate between Yemen's Houthis and Saudi Arabia helped to bring oil prices lower.

CNBC reports: News of Iran reportedly offered to mediate between Yemen's Houthis and Saudi Arabia helped to bring oil prices lower.

This business story centres on Ukraine. Names and organisations mentioned in the coverage include Trump, Russia and of Iran.

Why it matters

Business and economic news can ripple through prices, jobs, investments and household budgets.

Key details

Location
Ukraine · Europe
Reported by
CNBC
First reported
Key names
Trump, Russia, of Iran, Yemen's Houthis
Section
Business

Sources

This is an independent summary. Read the full, original reporting from the publisher:

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