S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
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Energy Stocks Slip as Trump Abandons Iran Strike Plans

Oil futures tumbled 2.6% to $87.71 a barrel in New York after President Trump abruptly called off military strikes against Iran. The reversal, announced on X, followed a sharp escalation in rhetoric from the White House, signaling a potential shift toward a diplomatic resolution in the ongoing regional conflict.

Energy Stocks Slip as Trump Abandons Iran Strike Plans

The president’s decision to stand down came shortly after he had threatened to strike the nation "VERY HARD," a move that initially rattled global markets. By pivoting away from military action, the administration suggested that Tehran and other negotiating parties have moved toward finalizing the terms of a long-awaited peace deal. This sudden reduction in geopolitical friction triggered a retreat across energy sector shares, as investors recalibrated their expectations for supply stability in the region.

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