Trump's Last-Minute U-Turn Sends Crude Oil Prices Tumbling

Crude oil prices plummeted on Hyperliquid following President Donald Trump's decision to halt planned attacks against Iran. WTI crude dropped to $81, with a 24-hour volume of $181 million, while Brent fell to $83, down sharply from last month's high of $100.

The sudden change in plans came after Trump cited requests from Iran and other Middle East countries. However, sources close to the matter revealed that Saudi Arabia's Crown Prince Mohammed bin Salman played a key role in Trump's decision, with Axios reporting that he made a call to Trump to de-escalate tensions.

This development marks the latest twist in the ongoing conflict between the US and Iran, which has seen numerous military exchanges and escalating rhetoric. Despite warnings from Iran that an attack on its critical infrastructure would have far-reaching consequences for global energy markets, Trump's decision has been met with a mixed reaction from analysts and experts.

Iran has repeatedly warned that it would retaliate against any attack by targeting critical infrastructure across the Gulf, including oil and gas facilities, bridges, power plants, and desalination plants. The country has already launched major attacks against US bases in the Middle East, destroying equipment worth billions of dollars.