Oil drops as Trump announces 10-day delay to attacks on Iran energy sites

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World

Oil prices fall after Trump delays planned strikes on Iran’s energy facilities by 10 days.
Crude remains sharply higher amid ongoing war-related uncertainty.

Oil prices declined Friday after US President Donald Trump announced a 10-day delay to planned strikes on Iran’s energy infrastructure, easing immediate fears of supply disruptions.

Brent crude dropped 1.5% to $93.07 a barrel by 02:30 GMT, while West Texas Intermediate (WTI) fell 1.8% to $106.12. The decline follows a sharp surge in the previous session, driven by concerns that the conflict could escalate further.

War Premium Remains Elevated

Despite the pullback, oil prices remain significantly higher since the war on Iran began. Brent crude has risen nearly 50%, while WTI is up around 40%, reflecting persistent market anxiety over prolonged instability.

Analysts say the temporary delay in U.S. action has reduced immediate pressure on global supply expectations, particularly around key shipping routes, but uncertainty continues to dominate sentiment.

Markets are now closely watching Washington’s next move, as any escalation targeting Iran’s energy facilities could trigger renewed volatility and push prices higher again.

The 10-day window is seen as critical, with investors assessing whether tensions will ease or shift toward broader confrontation affecting global energy flows.