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

Oil Prices Plunge as US Pauses Iran Strikes

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices plummeted on Monday to their lowest levels in over a week after the US temporarily suspended its air strikes against Iran.

The move raised hopes of a diplomatic solution that would allow shipping to resume in the Strait of Hormuz, a critical waterway for global oil supplies.

Brent crude futures fell by $8.42, or 8.7%, to settle at $88.36 a barrel, while US West Texas Intermediate crude futures dropped by $6.70, or 7.5%, to close at $82.61.

Analysts say the market is seeking good news from an arena that is not providing any guarantees for oil flow from the area.

More on Commodities

Commodities 1m ago

Crude Oil Selloff Sparks Sharp Declines in Grain and Oilseed Futures

Commodities 2m ago

Oil Price Plunge Sends Airline Stocks Soaring After Iran Announcement

Commodities 2m ago

US-Iran Pause Sends Global Oil Prices Plummeting to $92

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