President Trump’s plea for a halt in attacks briefly eases oil prices amid escalating Middle East tensions.
US President Donald Trump urged Israel and Iran to immediately cease attacks in a Truth Social post during Monday’s European trading session. The intervention follows heightened military exchanges that have unsettled global markets and driven oil prices higher in recent days.
WTI crude oil prices retreated from an intraday high of $93.50 to near $92.50 following Trump’s statement. Despite the temporary relief, Iran’s Tasnim agency reported Tehran’s readiness for a prolonged conflict, keeping supply risks elevated. Oil markets remain sensitive to geopolitical developments in the region.
The slight downtick in WTI reflects cautious optimism but underscores lingering uncertainty. Traders are monitoring further escalation or de-escalation signals as the situation evolves.