Oil prices are falling sharply Monday morning, according to reports from The Zioneer, after President Donald Trump canceled a military strike on Iran in order to reach a nuclear agreement. The development extends a volatile period for global oil markets driven by US-Iran negotiations.
Oil prices plunged sharply Monday morning, according to The Zioneer, after President Donald Trump canceled a military strike on Iran in order to reach a nuclear agreement. The report did not provide details on the scope or timing of the canceled strike. The development adds to weeks of volatility in global oil markets tied to US-Iran negotiations. The Zioneer has previously reported on the administration's dual-track approach to Iran, including threats of military action and offers of a diplomatic deal.
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