Trump Delays Decision on Striking Iran, Easing Concerns Over Escalation
According to Jinse Finance, traders and analysts are still closely monitoring the Strait of Hormuz and Iran’s actions, as geopolitical uncertainty continues to fuel bullish sentiment in the crude oil market ahead of President Trump’s final decision in the coming weeks. With Trump delaying a decision on striking Iran, concerns over an immediate escalation have eased, keeping oil prices stable. WTI crude remains around $74, while Brent crude is near $79, as the market continues to weigh the risk premium from heightened tensions in the Middle East. Previously, the White House stated that Trump would decide within two weeks whether to attack Iran.
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