Trump Cancels Iran Attack Plans, Oil Prices Plummet Over $4

Oil prices plummeted over $4 per barrel in the international market after US President Donald Trump cancelled plans to attack Iran's infrastructure. The sudden change in direction sparked a sharp decline in oil prices, with Brent crude falling by 4.64% and West Texas Intermediate (WTI) declining by 4.74%. This significant drop is being attributed to Trump's decision to put the planned attack on hold.

Brent crude oil price dropped from $87.93 per barrel to $83.85, while WTI crude oil price fell from $84.67 per barrel to $80.66. These price changes are a direct result of the shift in global market sentiment following Trump's announcement.