WTI crude oil futures settled at $86.04 per barrel, down $0.81, or 0.93%.

Rubio said in Paris on the 10th that US economic sanctions and a maritime blockade have been "highly effective," so there is "no need" for large-scale military operations against Iran. He said Washington expects sanctions to become more effective and remains open to a "real deal," but described Tehran’s conditions as "absurd." On Iran’s demand for war reparations, Rubio said President Trump has made clear that is not possible. He called the new US‑Ukraine‑Russia trilateral talks in Abu Dhabi "very productive" and urged expanding the talks to include European participants.

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