Oil Prices Fall as Trump Signals No New Attacks on Iran
AI Summary
Oil prices declined after President Donald Trump said he had no immediate plans for further attacks on Iran, despite reports of tanker attacks in the Strait of Hormuz and Houthi strikes on Saudi targets. Brent was reported at $98.28 per barrel and WTI at $91.24, with market movements reflecting geopolitical risk and expectations around a potential agreement.
Crude oil prices began the week with a decline, after President Trump signaled he had no immediate plans for further attacks on Iran. The decline comes despite fresh reports of attacks on tankers in the Strait of Hormuz and new strikes by the Yemeni Houthis on Saudi targets. At the time of writing, Brent crude was trading at $98.28 per barrel, with West Texas Intermediate at $91.24 per barrel, both higher from the opening of trade in Asia but lower than last Monday. “It depends on whether or not they sign a very strong agreement,” Trump…