Public Event Detail
Oil prices fall after Trump delays planned Iran strike, easing supply disruption fears
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Event summary
Oil prices declined after U.S. President Donald Trump postponed a planned military strike on Iran following requests from Middle Eastern leaders, alleviating concerns about potential disruptions to global crude supplies. Brent crude futures fell 1.84% to $110.26 per barrel, while West Texas Intermediate futures decreased 0.05% to $108.61 per barrel. Analysts note that while some shipping activity through the Strait of Hormuz has resumed, supply flows remain below normal, and the market is still pricing in persistent supply disruptions.