Oil Falls as the U.S. and Israel Ease Market Fears
Oil prices slipped on Friday, with WTI crude futures falling toward $94 a barrel after climbing as high as $101 in the previous session. The pullback came after fresh remarks from U.S. and Israeli officials helped calm worries about further damage to Middle East energy infrastructure.
U.S. President Donald Trump said Washington is not considering deploying ground troops in the region. Treasury Secretary Scott Bessent suggested Iran’s regime could face internal collapse and said the U.S. is exploring the possibility of removing sanctions on Iranian oil. Meanwhile, Israeli Prime Minister Benjamin Netanyahu said Israel would refrain from additional attacks on Iranian energy facilities.
Even with the correction, the war risk premium remains significant. WTI is still up roughly 40% since the conflict began, and Brent—the global benchmark—has also stayed elevated after a sharp multi-week rally. The disruption has effectively shut the Strait of Hormuz and forced major regional producers to sharply curb output, keeping global supply risks firmly in focus.
Source : Newsmaker.id
