Trump delays decision on Iran strike, easing fears of escalation
2025-06-19 19:41:58
Traders and analysts are still closely monitoring the actions of the Strait of Hormuz and Iran, with geopolitical uncertainty continuing to drive bullish sentiment in the crude oil market ahead of Trump's final decision in the coming weeks. Oil prices remained stable as Trump delayed a decision on striking Iran, easing fears of an immediate escalation. WTI crude remained near $74 and Brent near $79, with the market still factoring in a risk premium from heightened tensions in the Middle East. Earlier, the White House said on Iran that Trump would decide within two weeks whether to attack Iran.
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