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

Oil Prices Plunge as US and Iran Pause Military Strikes

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices plummeted over 5% on Monday after the US and Iran paused their military strikes over the weekend, raising hopes for a diplomatic solution that could ease tensions in the Middle East.

The Brent crude futures price fell $5.70 to $91.08 a barrel, while US West Texas Intermediate crude was down $4.80 at $84.51 a barrel.

This comes after two weeks of attacks, which had reduced oil shipments via the Strait of Hormuz and spilled over to the Red Sea, hindering exports from Saudi Arabia to Asia.

US Ambassador to the United Nations Mike Waltz said that President Donald Trump had decided to pause US attacks to allow more time for diplomacy.

More on Commodities

Commodities 1m ago

Oil Prices Plummet 5% Amid US-Iran Ceasefire

Commodities 2m ago

Oil Prices Tumble Amid Escalating Tensions Subside

Commodities 2m ago

EU Ditches Traditional Sanctions Packages Amid Greece-Russia LNG Row

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