Oil drops as Trump pauses Iran strikes, but stock traders nervous
Oil prices have fallen after US President Donald Trump paused plans to strike Iran's energy sites, citing positive peace talks. The move has eased tensions, but stock traders remain nervous amid mixed signals from the White House and ongoing conflict in the region.
US President Donald Trump has paused plans to strike Iran's energy sites. Oil prices fell over 1% on Friday. The pause comes after Trump extended a deadline for Iran to unblock a crucial waterway. Iran has denied peace talks took place, despite Trump's claims. The conflict has caused oil prices to surge, with Brent up almost 50% since the war began. The situation remains uncertain, with investors skeptical of White House messaging.
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