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Oil Drops Over 4% as Trump Cancels Iran Strike, Announces Talks

Crude oil fell more than 4% in Asian trading on Monday after President Donald Trump called off a planned military strike on Iran and said new negotiations would…

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Oil Drops Over 4% as Trump Cancels Iran Strike, Announces Talks
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Article Highlights

Excerpts from the article

  • Crude oil fell more than 4% in Asian trading on Monday after President Donald Trump called off a planned military strike on Iran and said new…
  • West Texas Intermediate for September delivery dropped 4.5% to $80.89 a barrel, while Brent for October delivery declined 4.4% to $84.10. Both…
  • Trump announced the decision on Truth Social late Saturday, writing that Iran and several Middle Eastern countries had asked him to hold off because…

What to Watch

If talks stall or a fresh incident flares near the strait, the same risk premium that evaporated in a single session can reappear just as quickly. The question now is whether Monday's talks produce a durable framework for Hormuz and the nuclear file, or whether the pattern of threat and walk-back that has defined the five-month conflict reasserts itself.

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