Published on
19/05/2026 - 8:44 GMT+2
International benchmark Brent crude dropped 1.33% to trade at $110.61 per barrel, while US West Texas Intermediate futures (WTI) fell 0.91% to $103.43 per barrel as investors digested the latest comments from Donald Trump.
The US President said he was postponing a planned attack on Iran scheduled for Tuesday at the request of Gulf leaders amid "serious negotiations" with Tehran, easing crude supply concerns among market watchers.
Trump's sudden announcement on social media on Monday came after Iran said it had responded to a new US proposal aimed at ending the war.
