Oil plunges on Trump's Iran signal

U.S. crude fell 4.5% to $95.78 per barrel after Trump said he'd probably meet Iranian President Masoud Pezeshkian at the UN this week.

Trump delays Houthi strikes

The president decided against bombing Iran-backed Houthi militants despite Saudi Arabia's requests, signaling a shift away from military escalation.

Saudi pipeline closure less disruptive

Middle East crude exports have held up better than expected after Saudi Arabia closed its East-West pipeline, averaging 17 million barrels per day.

Hormuz flows recovering steadily

Exports through the Strait of Hormuz are rising, with broader Middle East flows reaching about 80% of pre-war levels, reducing Iran's leverage.

“It appears that without a major escalation Iran may have lost notable leverage in the Strait.”

Region remains volatile and unpredictable

Houthis attacked Saudi cities and tankers in the Strait of Hormuz over the weekend, while Iran's Revolutionary Guard warned it will expand the conflict if struck.

Trump weighs three paths forward

The president said he's in deciding mode on Iran, with options ranging from military action to economic pressure to making a deal.

“wiping Iran out, letting them rot economically or making a deal”