Oil Declines After Trump Says He Called Off Strike on Iran
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Article Excerpt
Oil prices fell sharply after U.S. President Donald Trump announced he had called off a military strike against Iran. The sudden turn of events saw West Texas Intermediate (WTI) crude futures drop more than 2 percent in early trading on Monday.
Trump's decision came just hours before the U.S. was set to launch air strikes on Iranian targets, which had been planned as retaliation for an attack by Iran-backed Houthi rebels that downed a U.S. drone last week. The drone strike, involving around 100 missiles and aircraft, was widely expected to be carried out but Trump reportedly decided against i…
Read full article at Financial Post ↗
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May 18, 2026
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