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Oil prices fall after Trump announces cancellation of strikes on Iran

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Brent and WTI prices dropped by 3.6% after the US canceled airstrikes on Iran. Donald Trump halted the attack following the approval of points in a new deal.

Oil prices fell following a statement by US President Donald Trump that he "canceled planned strikes and bombings against Iran for tonight," UNN reports, citing the Associated Press.

Details

Brent futures fell by $3.37, or 3.6%, to $89.73 a barrel, while US West Texas Intermediate (WTI) crude futures fell by $3.20, or 3.6%, to $86.83 a barrel.

Earlier

US President Donald Trump announced the cancellation of strikes against Iran on Thursday evening, which he had spoken of several hours earlier, as the "final points" of an agreement with the country had been approved.

Antonina Tumanova Economy
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