Home›Commodities›Energy›WTI falls near $82.50 as US, Iran pause strikes raise…

WTI falls near $82.50 as US, Iran pause strikes raise diplomacy hopes

The brief halt follows US concerns about interceptor supplies and remaining high-value targets, while Iran signals it will match pauses with “attack for attack” restraint.

Reported · Written up by our desk · Energy

WTI opened lower with a bearish gap, down more than 7% to around $82.50 per barrel during Asian hours on Monday, after the United States and Iran paused strikes over the weekend, according to FXStreet. The brief pause has boosted hopes among market participants for a diplomatic path that could reduce the risk of a wider conflict and eventually allow commercial shipping to resume safely through the Strait of Hormuz, the outlet said. FXStreet also noted the United States halted its broader military campaign amid concerns about depleting interceptor supplies and a shrinking set of high-value targets in Iran.

FXStreet further reported that General Dan Caine, Chairman of the Joint Chiefs of Staff, reportedly warned President Trump that continuing the campaign could severely strain critical munitions reserves. US Ambassador to the United Nations Mike Waltz was cited saying American forces remain ready, while President Trump wants to create room for potential negotiations, with Reuters corroborating the stance through a senior Iranian official.

Despite the de-escalation signals, the outlook remains cautious because uncertainty about potential supply disruptions persists, FXStreet said. It pointed to Iran-backed Houthis in Yemen claiming responsibility for recent attacks on Saudi Arabian facilities along the Red Sea.

Latest closeWTI crude $90.47 ▼1.9%

More like this

Sources