Brent Oil Drops Below $84 as US and Iran Strike Pause Sends US Crude Under $80
Brent oil fell more than 5% to trade under $84 a barrel, while US crude dropped to session lows below $80.
The market decline followed a second consecutive night of paused US and Iranian airstrikes, which began after Omani mediators visited Tehran to discuss shipping through the Strait of Hormuz. The military hold also helped ease immediate worries over regional supply disruptions.
From the sources (25 posts)
@afp🇺🇸 Iran passed another night without US airstrikes on Sunday, as Washington paused a war nearing its fifth month and reports emerged that concerns over dwindling munitions were restraining plans for further escalation. ➡️
@clashreportNEW: Iran's Army Spokesman said Tehran has suspended its retaliatory strikes after the US paused its own bombing campaign for a second straight night, ending roughly 13 consecutive nights of American attacks. Iran warned any US resumption
@trtworldIran has passed a second consecutive night without reported US air strikes after two weeks of sustained bombardment, as Pakistan and Qatar intensified mediation efforts to secure a broader de-escalation between Washington and Tehran Live u
@osint613NEW: Iran’s military says it has suspended retaliatory operations after the U.S. halted its airstrikes.
@ajenewsBREAKING: Iran says it stops its retaliatory attacks since the US has not carried out strikes on the country for the past two nights. Army spokesman Mohammad Akraminia tells state media that Iran’s operations are for now halted. 🔴 More on
@osint613Al Arabiya: The U.S. and Iran have submitted responses to a Pakistani Qatari proposal aimed at restarting negotiations.
@ariel_oseranThe U.S. and Iran have submitted their responses to a proposal put forward by Pakistan and Qatar aimed at resuming talks between Washington and Tehran, Saudi Al-Arabiya reports.
@osint613For a second straight night, no U.S. strikes on Iran. Trump reportedly declined to approve a new strike plan Friday. Both Washington and Tehran have now responded to a Pakistan-Qatar proposal to resume nuclear talks, per Al Arabiya and Al H
@faytuksnetworkU.S. Ambassador to the U.N. Mike Waltz told Fox News that President Donald Trump is giving diplomacy with Iran a chance.
@osint613A senior Iranian source told Reuters that Iran will halt its attacks for as long as the United States maintains its current pause in military strikes.
@osint613Mike Waltz: President Trump is giving diplomacy with Iran an opportunity before deciding on any further action, the U.S. ambassador to the United Nations told Fox News.
@iranintl_enUS President Donald Trump was giving talks with Iran “some space,” US Ambassador to the United Nations Mike Waltz told Fox News on Sunday. "He's giving talks some space, he's giving it a little bit of room," Waltz said.
@ariel_oseranA senior Iranian source told Saudi Al-Hadath that Tehran informed Pakistani officials that it has not withdrawn from negotiations, but rather suspended them, and rejected forming a new corridor in the Strait of Hormuz. According to the Ira
@iranintl_enIran would halt its attacks as long as the United States maintained its pause on strikes, but Tehran remained skeptical of Washington’s intentions, Reuters reported on Sunday, citing a senior Iranian source. “Iran’s position remains ‘attac
@phildstewart(Reuters) - U.S. President Donald Trump has paused attacks on Iran to allow more room for diplomacy, the U.S. ambassador to the United Nations told Fox News. "He's giving talks some space, he's giving it a little bit of room," Mike Waltz t
@phildstewartMORE - (Reuters) - Iran will halt its own attacks as long as the United States maintains its pause on strikes, but Tehran remains sceptical of U.S. intentions, a senior Iranian source told Reuters on Sunday. "Iran’s position remains ‘atta
@clashreportUS Envoy to the UN Mike Waltz on the possibility of escalation: The president is keeping all options on the table. What the president is doing right now, as we've seen all along, is giving some talks some space. Talks are ongoing. They're
@iranintl_enIran has told Pakistan it is ready to continue negotiations in Geneva, Doha or Islamabad, Al Arabiya reported, citing a source.
@ajenglishUS Ambassador to the UN Mike Waltz says President Donald Trump has paused attacks on Iran to allow space for diplomacy. 🔴 LIVE updates:
@hormuzletterBREAKING: Iran has directly rejected any new passage or route through the Strait of Hormuz, demanding potential talks to only proceed if the Strait is addressed first to affirm it remains under Iran's full control, frozen funds release seco
@mossadilIRAN SIGNALS CONDITIONAL HALT IN ATTACKS AS U.S. PAUSES STRIKES Iran will halt attacks as long as the U.S. maintains its pause on strikes, a senior Iranian source told Reuters, following 13 consecutive nights of U.S. airstrikes. “Iran’s p
@iranintl_enUS bombing operations in Iran were paused because Omani officials traveled to Tehran on Friday for talks, CBS News reported, citing sources.
@disclosetvJUST IN - Iran will reportedly halt its attacks, as long as the U.S. maintains its pause on airstrikes, which has been in effect since late Friday evening and comes after 13 consecutive nights of U.S. airstrikes on Iran — Reuters
@bricsinfoJUST IN: 🇮🇷🇺🇸 Iran says it will suspend military operations as long as the US halts air strikes.
@mossadilIRAN SAYS TALKS ARE SUSPENDED, NOT OVER Iran told Pakistan it has suspended—not withdrawn from—talks and is willing to resume negotiations in Doha, Geneva, or Islamabad, according to Al Arabiya. Tehran is rejecting a new Strait of Hormuz