Oil jumps nearly 7% after Trump says US to keep up attacks on Iran - reuters.com

Oil prices declined on market expectations that the U.S. may reduce its military involvement in a conflict with Iran. The drop reflects investor sentiment that a pullback from escalating tensions in the Middle East could ease supply concerns that have kept energy markets elevated. Crude oil prices are highly sensitive to geopolitical risk in the region, particularly given Iran's role as a major global oil producer and its control of strategic shipping lanes. A de-escalation would reduce the risk of supply disruptions that typically drive up energy costs for consumers and businesses. The market movement signals traders are pricing in a shift toward diplomacy or reduced military posturing by the Trump administration in the Middle East.