Oil prices fall as Trump signals restraint on Iran amid Hormuz attacks
Briefing by News4U · First published
Oil prices fell after President Trump said he was highly unlikely to order fresh attacks on Iran as long as talks to end the conflict progressed, even as both countries reported shipping incidents in or near the Strait of Hormuz. Brent crude fell 1.5% to $96.91 a barrel and WTI fell 1% to $89.85 a barrel. Brent fell 16% last week, the steepest weekly drop since the start of the Covid pandemic. Iran-aligned Houthis claimed responsibility for an attack on Saudi Aramco's offices in Riyadh that caused no casualties. [1] [2]
Sources
- Oil Prices Fall, Staying Below $100, as Trump Plays Down New Iran Strikes
WSJ Business · · Summary only
- Oil falls as Trump signals restraint on Iran
RTÉ Business · · Full text