Oil prices fell nearly 5% after Iran signaled it would suspend attacks as long as the United States maintained its pause in strikes, easing concerns related to nearly two weeks of escalating conflict. The international Brent benchmark lost 4.88% to around $92 per barrel, while U.S. WTI crude dropped over 5% to $84.84 per barrel for September delivery. According to an Iranian official cited by Reuters, Tehran maintains its attack-for-attack stance and will halt operations if strikes stop, a message already conveyed to the United States. The U.S. decision to suspend its bombing campaign followed warnings from President Trump’s advisers that the military was running out of viable targets and raised concerns about depleting U.S. weapons stockpiles.
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