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Home›Commodities›Energy›Oil falls more than 4% as Iran strike plans are called…

Oil falls more than 4% as Iran strike plans are called off

CNBC Markets says crude prices dropped as traders trimmed Middle East geopolitical risk premiums after U.S. President Donald Trump said a strike on Iran was canceled.

Reported · Written up by our desk · Energy

Oil prices fell more than 4% on Monday as investors reduced the geopolitical risk premium tied to the Middle East, according to CNBC Markets.

The move came after U.S. President Donald Trump said he called off a planned strike on Iran, shifting market expectations away from immediate military escalation.

As a result, traders pared back concerns about potential supply disruptions, contributing to the sharp decline in crude prices during the session.

Latest closeWTI crude $91.10 ▲3.2%

← Newer storyEUR/USD holds above 1.1500 and targets 1.1550

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Sources

CNBC MarketsOil drops over 4% as Middle East tensions ebb on diplomatic efforts
CNBC WorldOil drops over 4% as Middle East tensions ebb on diplomatic efforts

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