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

Oil Prices Plummet Amid US-Iran Talks and Cancelled Military Strike

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices plummeted by 7% after US President Donald Trump announced that fresh talks with Iran would begin on Monday, following his decision to call off a planned military strike against the Islamic Republic.

Brent crude for October delivery fell as much as 7.3%, while West Texas Intermediate (WTI) crude traded below $81 a barrel, according to early Asian trading.

The decline in oil prices comes after Trump cancelled a planned large-scale military strike on Iran following key Middle Eastern allies' urging to prioritise diplomacy.

OPEC producers approved another modest increase in production quotas, completing the planned restoration of output cuts introduced in 2023 and positioning the group to raise supply further once tensions in the Middle East ease.

More on Commodities

Commodities just now

Trump's Iran U-Turn Sends Oil Prices Plummeting

Commodities just now

Marimaca Copper Corp Stock Sees Modest Gain Amid Challenging Market Conditions

Commodities just now

Trump's Diplomatic Push Slams Oil Prices Nearly 5%

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