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US oil benchmark plunges 7% on Trump's two-week delay on Iran attack

World News

07-04-2026 | 18:58

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US oil benchmark plunges 7% on Trump's two-week delay on Iran attack

The U.S. oil benchmark plunged nearly seven percent on Wednesday after President Donald Trump announced a two-week delay of his threatened mass wave of strikes against Iran.

A barrel of West Texas Intermediate (WTI) was trading around $105.12 at 2245GMT, just a few minutes after opening lower on hopes of a last-minute U.S.-Iran ceasefire agreement.

AFP

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