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  • Crude Oil Prices Drop Sharply on Iran Peace Hopes Amid Volatility
    June 12, 2026, 11:41 AM EDT. Crude oil prices fell sharply on Thursday after U.S. President Donald Trump canceled planned military strikes on Iran, raising hopes for a peace deal. July WTI crude fell 2.58%, while gasoline also declined. Prices were highly volatile, initially rising on threats of further U.S. attacks and possible control of Iran's key oil export hub, Kharg Island. Tensions in the Middle East and the closure of the Strait of Hormuz have been bullish for oil, but signs of increased oil flows through the Straits and weak Chinese demand pressured prices. China's crude imports hit an eight-year low, and increased U.S. crude production forecasts add downward pressure. Meanwhile, ongoing Ukrainian drone attacks on Russian oil infrastructure offer some support to prices.

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12 June 2026
Ondas Inc. shares slid about 5% to $9.33, underperforming sector ETFs, as investors weighed rapid revenue growth and a $457 million backlog against ongoing cash burn, share dilution, and execution risks ahead of next week's LADOS launch at Eurosatory 2026, with Wall Street maintaining a Buy consensus but highlighting profitability concerns.
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12 June 2026
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