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Oil Drops Sharply as Trump Cancels Iran Strike to Pursue Nuclear Deal

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Oil Drops Sharply as Trump Cancels Iran Strike to Pursue Nuclear Deal

🛢️ MARKETS — Oil falling on a deal that hasn't been signed and a blockade still in place. 📌 LOOK CLOSER: Trump canceled strikes; Hormuz stays blocked. Oil dropping on deal optimism while 35 vessels remain diverted and Iran publicly denied deal parameters hours ago. Gulf equities already rallied on the same signal today. If Monday talks produce no signed text, the correction compounds across both asset classes simultaneously.

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