Oil Prices Slip as Trump Calls New Iran Strikes Unlikely
Oil markets dip on Monday after President Donald Trump says fresh attacks on Iran are highly unlikely, easing fears despite recent Strait of Hormuz incidents.
POLICY WIRE — Perth, Australia — Oil futures slipped at the start of trading on Monday after U.S. President Donald Trump indicated that ordering additional strikes against Iran was highly unlikely while diplomatic talks made headway, even as both sides reported ship incidents near the Strait of Hormuz.
The market reaction reflected reduced war‑risk premiums, with benchmark crude easing shortly after the opening bell.
Despite Trump’s reassurance, reports continued of vessels encountering hostile actions in or close to the strategic waterway, keeping regional tension on the radar of investors.
Analysts noted that the president’s comment could temper further price volatility, although the underlying geopolitical uncertainty remains unresolved.
Reporting by Policy-Wire (PW)
