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Oil Prices Plummet as Trump Ditches Iran Strikes for Nuclear Deal

Guavy AI Editorial Team
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Oil prices plummeted $4 per barrel on Monday after US President Donald Trump held off on planned strikes against Iran, opting to pursue a rapid nuclear deal instead.

The decision sent shockwaves through the market, with Brent crude futures sliding 4.64% to $83.85 and U.S. West Texas Intermediate crude falling 4.74% to $80.66 per barrel.

This move comes after previous price surges of over 20% last month following heightened tensions between the US and Iran, as well as attacks on several tankers in the Gulf.

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