Oil prices plunge after Trump calls off Iran strike, cites near deal
President Trump said he called off a planned strike on Iran, claiming a deal to end the five-month conflict is near. This caused crude oil prices to drop sharply, with WTI falling over 6% to around $79.50 and Brent down nearly 5% to $83.80. The cancellation of U.S. strikes and the announcement of fresh Iran negotiations removed geopolitical risk premiums from energy markets.
Detected & updated continuously · Source: Nebula
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@BSCNews
Oil slides 6% after Trump calls off Iran strike Crude sold off hard Monday after President Trump said he called off a planned strike on Iran, claiming a deal to end the five-month conflict is near. WTI dropped over 6% to around $79.50 with Brent down nearly 5% to $83.80, https://t.co/21U6gVT9fU
@nikvestx
Energy markets absorbed a brutal 5% drawdown—sending Brent down to $83.28—as geopolitical risk premiums vanished instantly following the cancellation of U.S. strikes and the announcement of fresh Iran negotiations. This exposes the severe fragility of momentum-based oil longs.
@MarketPulse_CRU
ENERGY RISK JUST COOLED FAST. Brent crude dropped roughly $4 to $83.85 after President Trump held off on a fresh attack against Iran and pushed for negotiations surrounding the Strait of Hormuz. This matters far beyond the oil market. Lower energy prices can reduce inflation https://t.co/lKxqov9p6V
@Newsforce
🇺🇸 Oil prices fell after signs of possible progress toward restoring shipping through the Strait of Hormuz. Brent crude dropped about 4.5% after Trump said planned U.S. strikes had been called off and new negotiations would begin. https://t.co/9rJ0vQJtxw
@WhalePiz
WTI lao dốc 7,25% chỉ trong một ngày. Brent cũng mất 6,82% sau thông tin ông Trump được cho là hủy kế hoạch tấn công lớn và nối lại đàm phán. Phí chiến tranh bị xóa cực nhanh, dù eo biển Hormuz vẫn chưa hoàn toàn thông suốt. https://t.co/XdNerfpz9x