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Trump says he called off planned strike on Iran
CNBC • • world
Key Points:
- Oil prices dropped sharply in Asian trading, with West Texas Intermediate falling 4.5% to $80.89 per barrel and Brent crude down 4.4% to $84.10, following U.S. President Donald Trump's announcement that he called off a planned strike on Iran.
- Trump stated he halted the strike after requests from Iran and other Middle Eastern countries, citing a tentative agreement that includes reopening the Strait of Hormuz and ending Iran's nuclear threat.
- The potential strike cancellation eased geopolitical tensions that had been driving up oil prices amid ongoing conflict since February 28.
- Iran responded cautiously, with its acting defense minister warning that threats are taken seriously despite viewing recent U.S. statements as psychological warfare, while state-affiliated media dismissed Trump's demands as unrealistic.
