Oil Dips 7% as Trump Calls Off a Planned Attack on Iran

Crude oil falls 7% after Trump cancels planned military strike on Iran.

· Source: investing.com

Summary

Oil prices dropped sharply on news that Trump called off a planned attack on Iran, reducing geopolitical risk premium that had supported crude. The move signals a de-escalation in Middle East tensions, which had been a key driver of recent oil strength. Traders are now repricing the tail risk of conflict out of the market, likely shifting focus back to supply/demand fundamentals and macro growth concerns.

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