Oil prices plunge as Trump pauses Iran energy strikes
Oil prices fell sharply on Monday while European stock markets rebounded after United States President Donald Trump suddenly ordered a halt to planned strikes on Iranian energy infrastructure. His comments on Truth Social marked a sharp shift from his earlier threats over the weekend. Brent crude futures at one point dropped more than 14 percent before trimming losses to trade down about nine percent. West Texas Intermediate crude also slid, and European gas prices fell by around four percent as traders reacted to the pause in military action. Analysts said markets now need more clarity because Iran has publicly denied that any talks with the United States have taken place. That denial partly cooled the initial relief rally and reminded investors that tensions in the Middle East remain high. European stocks had opened the week with heavy losses but turned […]
