Reuters · โดนัลด์ ทรัมป์ · Nation Thailand
War fears ease — Oil drops as Trump delays Iran strike
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Oil prices fell sharply on Monday after US President Donald Trump said he had decided to hold off on a planned military strike against Iran, opening the door for fresh negotiations after Pakistan delivered a revised proposal from Tehran to Washington.
Key facts
- Reuters reported that the most-active July West Texas Intermediate crude contract fell by US$2.08, or 2.02%, to US$102.34 per barrel during Asian trading
- The June front-month contract also dropped by US$1.54, or 1.42%, to US$107.12 per barrel after surging more than 3% in the previous trading session.
- Oil prices fell sharply on Monday after US President Donald Trump said he had decided to hold off on a planned military strike against Iran, opening the door for fresh negotiations after Pakistan delivered a revised proposal from Tehran to
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Summary
Reuters reported that the latest diplomatic effort was relayed through Pakistan, which has been acting as an intermediary between the United States and Iran as tensions remain high following weeks of conflict in the Middle East.
According to Reuters, Trump said he had paused the scheduled attack because he wanted to see whether negotiations could still succeed, although he warned that the US remained prepared for large-scale military action if talks collapsed.