 "Brent crude slips 10% after Trump signals pause in Iran strikes amid ‘constructive talks’")
Brent crude futures dropped more than 10 per cent, slipping to nearly $100 per barrel, as traders reacted swiftly to the prospect of reduced geopolitical risk in a region critical to global oil supply.
In a statement post on the Truth Social platform, Trump said the United States and Iran had engaged in “very good and productive conversations” over the past two days, focused on achieving “a complete and total resolution of our hostilities in the Middle East.”
“Based on the tenor and tone of these in-depth, detailed, and constructive conversations… I have instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five-day period,” Trump said.
This move marks a significant shift from last week’s escalation fears, when markets were pricing potential US strikes on Iranian power plants and energy facilities— a scenario that could have disrupted supply routes across the region, particularly near the strategically vital Strait of Hormuz.
Market participants said the drop reflects the unwinding of a “geopolitical risk premium” that had pushed prices higher in recent sessions.
Iran remains a key node in global energy flows, both as a producer and as a geographic chokepoint influencing tanker routes. Any disruption to its infrastructure or exports can send shockwaves across global commodity markets.
Quick Reads
View AllTrump indicated that negotiations with Iran would continue “throughout the week,” making the pause conditional rather than permanent. That means oil markets could remain volatile, reacting to every signal from Washington and Tehran.
If talks progress, prices could stabilize or fall further. But any breakdown in negotiations or renewed military signaling could quickly reverse the trend.
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