World · India Bureau
Oil prices slip as Trump signals de-escalation in Iran tensions
Crude futures retreated Monday following comments from U.S. President Donald Trump suggesting further military action against Iran is unlikely. Both major benchmarks posted modest declines in early trading.
LSN India ·
Brent crude fell 64 cents to $97.67 per barrel, representing a 0.64% decline, while West Texas Intermediate dropped 35 cents to $90.51 per barrel, a 0.40% decrease, as of 1134 GMT Monday.
Trump's statement that additional strikes against Iran were improbable eased geopolitical concerns that have weighed on energy markets in recent weeks. The remarks provided some relief to traders who had been monitoring escalating tensions in the Middle East.
The modest pullback in oil prices reflects a broader market reassessment of near-term supply disruption risks. Energy analysts noted that while prices remain elevated by historical standards, the softer tone from Washington reduced immediate demand concerns.
Markets will continue to watch for developments in U.S.-Iran relations and any statements from other regional players. Crude benchmarks remain sensitive to geopolitical headlines, though fundamentals of global energy supply and demand will likely determine longer-term price direction.