Oil falls over 2% as Trump holds off scheduled attack on Iran
- Posted on May 19, 2026
- By Business News Today
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- 1 min read
Oil falls over 2% as Trump holds off scheduled attack on Iran
Oil prices dipped as President Trump paused an Iran attack for talks, easing immediate tensions. Brent and WTI futures saw declines. Analysts are watching for a genuine de-escalation or a tactical pause, with Iran's response and Strait of Hormuz tanker movements being key. Sanctions waivers and U.S. Strategic Petroleum Reserve draws also impact the market.
