Oil Prices Fall Over $4 After Trump Cancels Attack on Iran
Summary
Oil prices fell by over $4 per barrel after US President Donald Trump canceled a planned attack on Iran, easing supply disruption concerns in the international market.
Key Points
- US President Donald Trump postponed a planned attack on Iran's infrastructure.
- Oil prices fell by more than $4 per barrel in the international market following the postponement.
- Brent crude oil price fell to $83.85 per barrel, a decline of 4.64 percent.
- West Texas Intermediate crude oil price dropped to $80.66 per barrel, down 4.74 percent.
