US EditionOil Drops, Stocks Climb as Trump Delays Iran Move
IRAN, JUN 20 – The White House delayed a decision on U.S. involvement in the Israel-Iran conflict to allow for nuclear negotiations, with Brent crude still set for a third weekly gain, analysts said.
- Oil prices surged more than 9% on June 13 after Israel targeted Iran's nuclear and missile production sites, escalating Middle East tensions.
- The price jump followed Israel's attack amid ongoing U.S.-Iran nuclear deal talks and President Trump delaying a decision on U.S. intervention for two weeks.
- Benchmark Brent crude rose over $6 to surpass a five-month high above $78 per barrel, while Asian equities staged relief rallies and the dollar declined.
- Analysts said the two-week hiatus on U.S. military action "boosted the market mood" but warned the conflict remains a live issue with escalation risks.
- These events point to ongoing oil market volatility due to West Asia's key supply role and persistent uncertainty in U.S.-Iran relations affecting global energy prices.
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Oil drops, European stocks climb as Trump delays Iran move
The price of Brent oil, the world's main international contract, slid Friday while Europe's major stock markets rebounded as concerns over a war escalation in Iran eased.
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Oil prices ease as Trump delays decision on Iran-Israel conflict
New Delhi: Crude oil prices eased in the global market on Friday, with the benchmark Brent crude futures trading 2 per cent lower at $77.24 a barrel, amid reports that President Donald Trump would take another two weeks to decide on whether the US will intervene in the escalating conflict between Israel and Iran. White House Press Secretary Karoline Leavitt cited President Trump as saying: “Based on the fact that there’s a substantial chance of …
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Total News Sources80
Leaning Left7Leaning Right6Center13Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 27%
C 50%
R 23%
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