Oil prices drop after Trump calls off Iran military action
pre-market1 source ↓written by the desknot a recommendation
- crude dropped
- $112
- following Trump's comments
- $109
Oil prices fell sharply on Monday as US President Donald Trump announced he would postpone a military strike on Iran. Brent crude dropped from $112 to $109 following Trump's comments, which eased tensions in the energy market. The situation remains volatile, with significant implications for oil supply through the Strait of Hormuz. ⚡
Not investment advice. For informational purposes only.