Trump's Strike Cancellation Sends Oil Prices Plummeting
Oil prices plummeted on Tuesday after US President Donald Trump called off planned strikes against Iran.
The decision to cancel the military operations sparked a sharp decline in oil futures, with Brent crude falling by 4.5% and West Texas Intermediate (WTI) crude dropping by 5.2%
Trump announced on Tuesday morning that he had decided not to proceed with the strikes, which were planned in response to Iran's alleged involvement in a tanker attack.