After a sharp drop in oil prices, Trump temporarily delays plans to attack Iran's energy facilities.

On Monday, oil prices stabilized after a 10% plunge, as US President Trump postponed plans to attack Iran's energy infrastructure. WTI crude oil futures rebounded slightly, approaching $89 per barrel, with Trump claiming that the US is in talks with Iran to end the conflict that has now entered its fourth week. However, Tehran has denied that negotiations are taking place, and Israel continues to launch attacks. Brent crude oil futures plummeted by 11% on Monday. Concerns over a potential war engulfing the Middle East involving the US, Israel, and Iran that could trigger a global energy crisis and push up inflation have caused WTI crude oil prices to rise by over 30% this month. This conflict has nearly completely blocked commercial shipping in the Strait of Hormuz, forcing oil-producing countries in the Persian Gulf to cut oil production by millions of barrels daily. "It is currently unclear to what extent negotiations are progressing behind the scenes, and it is uncertain if Iran's Islamic Revolutionary Guard Corps intends to reach a resolution at this stage, as they still firmly control the Strait of Hormuz," analysts at RBC Capital Markets LLC, including Helima Croft, stated. "For the physical market, ship movements may be more decisive than hollow rhetoric."