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

WTI Oil Price Tanks as Trump Announces Ceasefire with Iran

Guavy AI Editorial Team
Instruments
Oil
Share

The West Texas Intermediate (WTI) oil price dropped by 7.6% to around $78.60 in the Asian trading session on Monday, following US President Donald Trump's announcement that planned attacks on Iran have been suspended.

In a post on Truth Social, Trump stated that Iran had agreed to surrender its nuclear ambitions and the total reopening of the Strait of Hormuz, a critical chokepoint for nearly 20% of global energy supply.

This development has boosted the odds of a resumption of peace talks with Iran, which in turn diminishes fears of a prolonged energy supply disruption.

More on Commodities

Commodities 2m ago

Iran Identifies Regional Energy Assets as Potential Targets for US-Israel Strikes

Commodities 2m ago

Dubai Gold Prices Unchanged Amid Global Market Stability

Commodities 2m ago

Gold Price Surges Past $4,050 Amid Market Volatility

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