Daily Market Updates: Oil falls more than 4% after Trump calls off Iran strike plan

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Oil falls more than 4% after Trump calls off Iran strike plan

The drop follows comments from U.S. President Donald Trump saying he called off a planned strike on Iran, reducing geopolitical risk premiums.

Reported · Written up by our desk · Energy

Oil prices fell more than 4% on Monday as investors scaled back geopolitical risk hedges after U.S. President Donald Trump said he had called off a planned strike on Iran, according to CNBC Markets.

CNBC World reported the same move in oil, pointing to lower geopolitical risk premiums as the driver of the sharp decline.

← Newer storyOPEC+ to raise September oil output by 188,000 bpd Older story →AUD/USD nears 0.7050 as Trump pauses Iran strikes

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Sources

CNBC MarketsOil drops over 4% after Trump calls off planned strike on Iran

CNBC WorldOil drops over 4% after Trump calls off planned strike on Iran

Commodities

Oil falls more than 4% after Trump calls off Iran strike plan

More like this

Sources

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