{"id":3570,"date":"2025-06-20T13:21:58","date_gmt":"2025-06-20T08:21:58","guid":{"rendered":"https:\/\/youdigital.pk\/en\/?p=3570"},"modified":"2025-06-20T13:22:11","modified_gmt":"2025-06-20T08:22:11","slug":"brent-tumbles-nearly-2-as-us-delays-decision-on-iran-involvement","status":"publish","type":"post","link":"https:\/\/youdigital.pk\/en\/2025\/06\/20\/brent-tumbles-nearly-2-as-us-delays-decision-on-iran-involvement","title":{"rendered":"Brent tumbles nearly $2 as US delays decision on Iran involvement"},"content":{"rendered":"<p><strong>SINGAPORE: Brent crude prices fell nearly $2 on Friday, reversing the previous session\u2019s gains, after the White House indicated President Donald Trump would delay a decision on whether the US would directly join the escalating Israel-Iran conflict.<\/strong><\/p>\n<p>Brent futures dropped $1.89, or 2.4 percent, to $76.96 a barrel by 5:55 a.m. Saudi time, though they remained up 3.8 percent for the week \u2014 marking a third consecutive weekly gain.<\/p>\n<p><a href=\"https:\/\/youdigital.pk\/en\/2025\/06\/20\/indian-saudi-couple-sets-motorcycle-record-with-epic-gcc-road-trip\">US<\/a> West Texas Intermediate (WTI) crude for July, which expires Friday and did not trade on Thursday due to a US holiday, rose 53 cents to $75.67. The more actively traded August WTI contract edged up 17 cents to $73.67.<\/p>\n<p>Oil markets had surged on Thursday following Israeli airstrikes on Iranian nuclear facilities and Tehran\u2019s retaliatory drone and missile attack on Israel, including an overnight strike on a hospital. However, prices cooled after the White House suggested a window remained open for diplomatic de-escalation.<\/p>\n<p>\u201cOil prices surged amid fears of increased US involvement in Israel\u2019s conflict with Iran. However, the White House press secretary later suggested there was still time for de-escalation,\u201d noted Phil Flynn of the Price Futures Group.<\/p>\n<p>Iran, OPEC\u2019s third-largest oil producer, pumps around 3.3 million barrels per day. With between 18 million to 21 million bpd of global oil supply passing through the nearby Strait of Hormuz, markets remain nervous about any conflict-induced disruption to shipments.<\/p>\n<p>Analyst Tony Sycamore of IG said Trump\u2019s two-week timeline resembled past decision-making strategies that ended without direct action. \u201cIf history repeats, oil could hold at current levels or even build on gains,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Brent crude prices fell nearly $2 on Friday, reversing the previous session\u2019s gains, after the White House indicated President Donald Trump would delay a decision on whether the US would directly join the escalating Israel-Iran conflict. Brent futures dropped $1.89, or 2.4 percent, to $76.96 a barrel by 5:55 a.m. Saudi time, though they &hellip;<\/p>\n","protected":false},"author":6,"featured_media":3571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1783,299,1784,1785,245,547,58,313],"class_list":["post-3570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-brent","tag-conflict","tag-crude","tag-delay","tag-iran","tag-oil-prices","tag-trump","tag-us"],"_links":{"self":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts\/3570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/comments?post=3570"}],"version-history":[{"count":2,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts\/3570\/revisions"}],"predecessor-version":[{"id":3573,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/posts\/3570\/revisions\/3573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/media\/3571"}],"wp:attachment":[{"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/media?parent=3570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/categories?post=3570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youdigital.pk\/en\/wp-json\/wp\/v2\/tags?post=3570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}