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

Trump's Iran Deal Hopes Send Oil Prices Tumbling $4 a Barrel

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices plummeted $4 a barrel on August 3 as US President Donald Trump announced that he would hold off on a fresh attack on Iran, seeking to reach a quick deal to halt Tehran's nuclear ambitions and reopen the Strait of Hormuz.

Brent crude futures slid $4.08, or 4.64 per cent, to $83.85 by 2352 GMT while US West Texas Intermediate crude was at $80.66 a barrel, down $4.01, or 4.74 per cent.

The decision came after Trump said on his Truth Social platform that Iran and other Middle Eastern countries had asked for time to complete a deal that would lead to 'the Immediate, Complete and Total' reopening of the vital strait and 'an end to Iran's nuclear threat'.

More on Commodities

Commodities just now

Adnoc Charts New Gas Course Beyond Strait of Hormuz

Commodities 1m ago

Trump Halts Attack on Iran in Bid for Nuclear Deal, Oil Prices Plummet

Commodities 1m ago

Pakistan Gold Prices See Slight Decline Amid Market Shifts

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