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Oil Prices Fall as Trump Rules Out Striking Iran

Original: Oil Drops as Trump Rules Out Iran Strike, Market Floor Persists

Oil prices dropped after Donald Trump ruled out a military strike on Iran, easing supply-disruption fears that had supported crude markets. Despite the decline, analysts note a persistent floor under prices, with traders still pricing in broader Middle East risk. Markets are watching whether diplomatic signals hold and how OPEC producers respond to shifting expectations.

Why now: Trump's statement removed a geopolitical risk premium that had been propping up oil prices, moving energy markets.

Donald TrumpIranoil marketOPEC

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