Oil Prices Dip After Trump Delays Potential Attack Deadline on Iran's Energy Infrastructure
Summary
International oil prices fell after US President Donald Trump delayed the potential deadline for a US attack on Iran's energy infrastructure by 10 days, causing market uncertainty.
Key Points
- US President Donald Trump postponed the potential US attack deadline on Iran's energy infrastructure by 10 days.
- Brent crude oil prices dropped by 1.5 percent to $93.07 per barrel.
- West Texas Intermediate (WTI) prices declined by 1.8 percent to $106.12 per barrel.
- Brent crude oil prices have surged nearly 50 percent since the war with Iran began, with WTI rising by about 40 percent.
