Trump Calls Off Iran Strike But Will Oil Hold Above $100?
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West Texas Intermediate (WTI) fell as low as $101.69 on Sunday night after President Donald Trump ruled out an immediate Iran strike. The dip leaves US oil above $100 and about 53% higher than before the US-Israeli war began. Brent, the global benchmark, still sits near $116, according to Trading Economics. However, Goldman Sachs estimates nearly $25 of that price is a war risk premium, even as Gulf exports recover. Is a Trump Pause Enough to Cool Oil? Trump said Sunday that no strike would happen that day. He also suggested Washington might still complete its military campaign or strike a deal, Al Jazeera reported . Qatari mediators visited Tehran, and President Masoud Pezeshkian said Iran should still pursue a peace deal.
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