Oil prices declined after President Trump said he called off a planned strike on Iran at the request of Gulf allies, who said "serious negotiations" are underway. The move reduces near-term geopolitical escalation risk in the Middle East, a key supply region for crude. The headline is market-relevant for energy and broader risk sentiment, but the article gives no price or production figures.
Oil prices declined after President Trump said he called off a planned strike on Iran at the request of Gulf allies, who said "serious negotiations" are underway. The move reduces near-term geopolitical escalation risk in the Middle East, a key supply region for crude. The headline is market-relevant for energy and broader risk sentiment, but the article gives no price or production figures.
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