Oil Prices Dip as Trump Pauses Iran Response; Brent Below $65

• Oil prices fell for the first time in six days after US President Donald Trump indicated a delay in military action against Iran.
• Brent crude dropped by 2.9% to below $65 a barrel, while West Texas Intermediate (WTI) traded near $60.
• Trump's decision was influenced by assurances that Iran would cease killing protesters, reducing immediate military response likelihood.
• Despite the pause, the situation in Iran remains volatile, with airspace closures around Tehran and US personnel redeployments.
• US crude stockpiles rose by 3.4 million barrels last week, contributing to WTI's discount relative to Brent.

Why It Matters: Oil prices fell as President Trump signaled a temporary halt to military action against Iran, easing supply concerns.