Trump says he will postpone 'planned tomorrow' strike on Iran. What about oil?

US President Donald Trump has said that leaders of several Middle Eastern countries have asked him to postpone a strike on Iran that was "planned for tomorrow". Trump wrote about this on the social network Truth Social.

According to Trump, such a request was made by the Emir of Qatar, the Crown Prince of Saudi Arabia and the President of the UAE in connection with the negotiations that are ongoing between the United States and Iran. According to these leaders, the parties can reach a deal, will satisfy the U.S., countries in the Middle East and beyond, Trump wrote. "This deal will involve, very importantly, NO NUCLEAR NUCLEAR WEAPONS FOR IRAN," the US president added.

"I have instructed Secretary of Defense Pete Hegseth, Chief of Staff General Daniel Kane, and the U.S. Army that we will NOT conduct the strike on Iran that was planned for tomorrow, but I have also instructed them to be prepared to continue a full-scale offensive against Iran at any time if an acceptable agreement is not reached," Trump wrote.

Against this backdrop, the cost of Brent crude oil, which had been rising to around $112.6 a barrel before Trump's post, fell sharply to below $110 a barrel, according to data from the Intercontinental Exchange. Quotes, however, were still 0.6% above the last closing price.

The U.S. WTI grade was down to around $106 a barrel after a daily peak of $109.47 a barrel, a 1.3% rise.

This article was AI-translated and verified by a human editor