Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Oil Prices Plummet Amid Stalled US-Iran Tensions

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices plummeted by nearly 5% to reach a three-week low on Monday after US President Donald Trump announced he was holding off on a fresh attack on Iran.

Brent futures fell $4.19, or 4.8 percent, to $83.74 a barrel at 12:40 p.m. ET (1640 GMT), while US West Texas Intermediate (WTI) crude fell $4.92, or 5.8 percent, to $79.75.

The decline in oil prices comes as the less expensive October futures contract is set to take over as the front-month after the more expensive September contract expired on Friday.

Iran's Foreign Ministry spokesman Esmail Baghaei contradicted Trump's claim of talks between the two countries, stating that there were no negotiations underway and no meetings scheduled.

More on Commodities

Commodities 2m ago

Trump's Call Off Strikes Causes Oil Prices to Plummet

Commodities 5m ago

Petrobangla Denies Plans for Gas Price Hike Amid Supply Crunch

Commodities 5m ago

India Denies Plans to Change LPG Booking Period to 35 Days

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy