{"id":2355,"date":"2025-06-20T10:50:00","date_gmt":"2025-06-20T09:50:00","guid":{"rendered":"https:\/\/fortistv.com\/ltv\/?p=2355"},"modified":"2025-06-20T21:10:47","modified_gmt":"2025-06-20T20:10:47","slug":"oil-prices-fall-as-trump-delays-iran-strike-call","status":"publish","type":"post","link":"https:\/\/fortistv.com\/ltv\/2025\/06\/20\/oil-prices-fall-as-trump-delays-iran-strike-call\/","title":{"rendered":"Oil Prices Fall as Trump Delays Iran Strike Call"},"content":{"rendered":"\n

Crude Oil Prices Drop as Trump Delays Iran Strike Decision<\/strong><\/h2>\n\n\n\n

Global markets remained volatile on Friday as crude oil prices fell sharply<\/strong> following U.S. President Donald Trump\u2019s decision to delay any immediate military action against Iran. The announcement eased fears of a full-scale Middle East conflict and brought temporary relief to oil traders and equity markets.<\/p>\n\n\n\n

Oil prices had been under pressure amid speculation that Trump would support Israel in its escalating military conflict with Iran. However, in a statement read by White House Press Secretary Karoline Leavitt, the President indicated he would wait up to two weeks before making a final decision on whether the U.S. will engage directly in the conflict.<\/p>\n\n\n\n

\n

\u201cBased on the fact that there\u2019s a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks,\u201d the statement read.<\/p>\n<\/blockquote>\n\n\n\n

Leavitt added: \u201cIf there\u2019s a chance for diplomacy, the President\u2019s always going to grab it. But he\u2019s not afraid to use strength as well.\u201d<\/p>\n\n\n\n

\n\n\n\n

Crude Oil Prices Drop Amid Geopolitical Uncertainty<\/strong><\/h3>\n\n\n\n

Both major oil benchmarks recorded declines Friday:<\/p>\n\n\n\n

    \n
  • Brent crude<\/strong> was down 2.6% to $76.85 per barrel<\/strong><\/li>\n\n\n\n
  • West Texas Intermediate (WTI)<\/strong> fell 1.9% to $73.62 per barrel<\/strong><\/li>\n<\/ul>\n\n\n\n

    Stephen Innes, managing partner at SPI Asset Management, said the energy market remains on edge.<\/p>\n\n\n\n

    \n

    \u201cCrude still calls the shots, and volatility\u2019s the devil in the room. We\u2019re trading a geopolitical powder keg with a lit fuse,\u201d Innes warned.
    \u201cPresident Trump\u2019s two-week \u2018thinking window\u2019 on whether to join Israel\u2019s war against Iran is no cooling-off period\u2014it\u2019s a ticking volatility clock.\u201d<\/p>\n<\/blockquote>\n\n\n\n

    \n\n\n\n

    Global Stock Markets Mixed Amid Uncertainty<\/strong><\/h3>\n\n\n\n

    Markets reacted cautiously to the developments:<\/p>\n\n\n\n

      \n
    • Hong Kong<\/strong>, Taipei<\/strong>, Mumbai<\/strong>, and Bangkok<\/strong> posted moderate gains<\/li>\n\n\n\n
    • Seoul\u2019s Kospi<\/strong> led Asia-Pacific gains, climbing over 1% to break the 3,000-point mark<\/strong> for the first time in over three years, buoyed by optimism after South Korea\u2019s recent presidential election<\/li>\n\n\n\n
    • London<\/strong>, Paris<\/strong>, and Frankfurt<\/strong> all traded slightly higher<\/li>\n\n\n\n
    • Tokyo\u2019s Nikkei 225<\/strong> fell 0.2%<\/strong> amid rising core inflation, including a sharp spike in rice prices\u2014a politically sensitive issue in Japan<\/li>\n\n\n\n
    • Shanghai<\/strong>, Sydney<\/strong>, Singapore<\/strong>, Manila<\/strong>, and Jakarta<\/strong> all posted losses<\/li>\n<\/ul>\n\n\n\n
      \n\n\n\n

      Trade Tensions Still Looming<\/strong><\/h3>\n\n\n\n

      Aside from the Middle East crisis, global investors are also watching developments in the U.S.-led trade standoff. With the 90-day pause on President Trump\u2019s April 2 tariff rollout nearing its end, analysts warn that the absence of finalized trade agreements may soon rattle markets again.<\/p>\n\n\n\n

      \n

      \u201cWhile the worst of the tariffs have been paused, we suspect it won\u2019t be until those deadlines approach that new agreements may be finalized,\u201d said David Sekera, chief U.S. market strategist at Morningstar.<\/p>\n<\/blockquote>\n\n\n\n

      \n\n\n\n

      Currency and Market Snapshot (as of 07:15 GMT)<\/strong><\/h3>\n\n\n\n
        \n
      • Brent Crude:<\/strong> $76.85 (-2.6%)<\/li>\n\n\n\n
      • WTI Crude:<\/strong> $73.62 (-1.9%)<\/li>\n\n\n\n
      • Nikkei 225 (Tokyo):<\/strong> 38,403.23 (-0.2%)<\/li>\n\n\n\n
      • Hang Seng Index (Hong Kong):<\/strong> 23,421.80 (+0.8%)<\/li>\n\n\n\n
      • Shanghai Composite:<\/strong> 3,359.90 (-0.1%)<\/li>\n\n\n\n
      • FTSE 100 (London):<\/strong> 8,819.26 (+0.3%)<\/li>\n\n\n\n
      • Euro\/USD:<\/strong> $1.1517 (+)<\/li>\n\n\n\n
      • Pound\/USD:<\/strong> $1.3467 (+)<\/li>\n\n\n\n
      • Dollar\/Yen:<\/strong> \u00a5145.38 (-)<\/li>\n\n\n\n
      • Euro\/Pound:<\/strong> \u00a30.8551 (+)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

        Crude Oil Prices Drop as Trump Delays Iran Strike Decision Global markets remained volatile on Friday as crude oil prices fell sharply following U.S. President Donald Trump\u2019s decision to delay any immediate military action against Iran. The announcement eased fears of a full-scale Middle East conflict and brought temporary relief to oil traders and equity…<\/p>\n","protected":false},"author":1,"featured_media":2358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[1,528,38,35],"tags":[1018,994,993,1019,1020],"class_list":["post-2355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-business-economy","category-news","category-world","tag-crudeoildrop","tag-geopolitics","tag-middleeasttensions","tag-oilmarket","tag-trumpiran"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t