Oil prices fell after President Trump said he would postpone imminent attacks on Iranian energy infrastructure amid 'productive conversations' aimed at resolving the three-week-old U.S.-Israeli war on Iran; Iranian officials denied talks. The development reduces short-term geopolitical risk premium in oil markets and should ease near-term upside pressure on energy prices, benefiting broad risk assets while weighing on energy-sector defensives.
Oil prices fell after President Trump said he would postpone imminent attacks on Iranian energy infrastructure amid 'productive conversations' aimed at resolving the three-week-old U.S.-Israeli war on Iran; Iranian officials denied talks. The development reduces short-term geopolitical risk premium in oil markets and should ease near-term upside pressure on energy prices, benefiting broad risk assets while weighing on energy-sector defensives.
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