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Oil extends losses as Trump calls off planned strikes on Iran

Energy Markets & PricesGeopolitics & WarCommodity FuturesInvestor Sentiment & Positioning

Oil prices fell on Friday, extending losses after President Trump canceled plans to strike Iran, easing fears of a broader escalation in the Middle East. The move reduces the immediate geopolitical risk premium in crude and may pressure near-term energy prices, following tit-for-tat attacks earlier in the week.

Analysis

Oil prices fell on Friday, extending losses after President Trump canceled plans to strike Iran, easing fears of a broader escalation in the Middle East. The move reduces the immediate geopolitical risk premium in crude and may pressure near-term energy prices, following tit-for-tat attacks earlier in the week.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20