Oil Prices Stabilise After US Postpones Iran Attack, Ends 6% Drop

• Oil prices stabilised after a 6% drop over two days, following the US decision to postpone military action against Iran.
• West Texas Intermediate was near $59 a barrel and Brent below $64 after Thursday's 4.6% fall.
• Israeli Prime Minister Benjamin Netanyahu reportedly asked President Donald Trump to delay the attack on Iran.
• The postponement reduces immediate fears of disruptions to shipping or oil production in the region.
• Despite the delay, Washington is increasing its military presence in the Middle East, with an aircraft carrier en route.

Why It Matters: Oil prices stabilised as the US delayed military action against Iran, easing fears of supply disruptions.