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

Trump's Iran Talks Spark Oil Price Plunge

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices plummeted on Monday as US President Donald Trump announced new negotiations with Iran to ease tensions in the Middle East. This move comes after a weekend of developments, including a deal between the US and Israel to suspend planned strikes on Iran.

The announcement led to a sharp decline in Brent crude futures for September delivery, which dropped 4.69% to $83.81 a barrel. Meanwhile, West Texas Intermediate (WTI) crude fell 4.67% to $80.72 a barrel, both recorded at around 22:50 GMT on Sunday.

Iran said it was close to reaching an agreement with Oman regarding the strategic Strait of Hormuz, through which about 20% of global oil supplies pass. Trump's new round of negotiations with Iran is set to begin, boosting expectations of easing tensions and reducing the risk of disruptions to global energy supplies.

More on Commodities

Commodities 1m ago

China's Silence on Houthi Conflict Exposes Limits of Saudi 'Oil Friendship'

Commodities 1m ago

Gulf Countries Diversify Oil Exports Amid Hormuz Blockages

Commodities 3m ago

FireFly Metals Unveils High-Grade Copper and Gold Results from Green Bay Project

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