Oil slides 5% as Iran reportedly signals halt to attacks if U.S. pause holds
Oil prices fell after Iran reportedly said it would suspend attacks as long as a U.S. pause in hostilities remains in place, easing concerns over nearly two weeks of escalating conflict. International benchmark Brent crude futures for September delivery fell 4.88% to around $92 a barrel. He attributed that to stronger messaging from Fed officials on their commitment to price stability, which has prevented the oil shock from feeding into longer-term inflation expectations.
- ▪Oil prices fell after Iran reportedly said it would suspend attacks as long as a U.S. pause in hostilities remains in place, easing concerns over nearly two weeks of escalating conflict.
- ▪International benchmark Brent crude futures for September delivery fell 4.88% to around $92 a barrel.
- ▪He attributed that to stronger messaging from Fed officials on their commitment to price stability, which has prevented the oil shock from feeding into longer-term inflation expectations.
12 outlets in our directory ran this story, first to last over 12 hours. Coverage spans 4 points on the political spectrum — 2 lean left, 5 centre, 1 lean right, 1 right.
- ▪ US and Iran halt attacks in tentative opening for renewed talks — Le Monde (EN)
- ▪ Oil slips more than 5% after US pauses strikes on Iran - Reuters — Google News
- ▪ Oil slips more than 5% after US pauses strikes on Iran — Investing.com — News
- ▪ After Trump Pauses Bombing, Iran Signals It Will Halts Strikes as Well — The Daily Signal
- ▪ Iran says it will halt strikes as long as US bombing pause holds - Reuters — "site:reuters.com" - Google News
- ▪ Iran to halt attacks if US maintains pause after Trump cancels strikes — Crypto Briefing
- ▪ Iran will halt attacks as long as US maintains pause, Iranian source says after Trump calls off strikes — Straits Times — World
- ▪ Iran will halt attacks as long as US maintains pause, Iranian source says after Trump calls off strikes — Channel NewsAsia
- ▪ Iran says Middle East attacks halted after US holds fire amid reported concerns over dwindling munitions — Dawn
- ▪ Iran to halt attacks as long as US maintains latest pause, Iranian source says — The Jerusalem Post | JPost.com
- ▪ Iran says halts Middle East attacks as US holds fire — Korea Times
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Oil prices fell after Iran reportedly said it would suspend attacks as long as a U.S. pause in hostilities remains in place, easing concerns over nearly two weeks of escalating conflict. International benchmark Brent crude futures for September delivery fell 4.88% to around $92 a barrel. U.S. West Texas Intermediate crude futures for September delivery similarly dropped over 5% to $84.84 a barrel.Iran has indicated it will stop carrying out attacks as long as the United States also refrains from striking, Reuters reported on Sunday, citing a senior Iranian official.The pause follows Washington's decision to suspend its bombing campaign after President Donald Trump's advisers reportedly warned that the military was running out of viable targets and raised concerns about depleting U.S.
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