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EVENT / TOPICHistorical

Trump Cancels Planned Iran Strike, Oil Prices Hover Near $100

1 reports1 sources10/25/2026 updated

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President Donald Trump has called off a planned strike on Iran, a decision that has led to a temporary dip in oil prices. WTI crude fell to $101.69, while Brent remained close to $116, both still up about 53 % from pre‑war levels. The cancellation came after Qatar’s mediation and statements from Iranian officials, which convinced Trump that an immediate strike was not warranted. The move has sparked debate over the future of Gulf oil production. Highsain analysts estimate a $25 war‑risk premium still embedded in Brent prices, suggesting that even with the strike off the table, geopolitical tensions continue to support higher prices. Overall, the cancellation has provided short‑term relief for oil markets but the underlying risk premium indicates that prices may stay elevated as long as regional tensions persist.

Written with AI from the reporting · updated 10/26/2026

Latest developmentOct 26, 07:44
Trump Cancels Immediate Iran Strike, WTI Oil Prices Hold Above $100
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  1. 1Unclassified fact stationOct 25, 00:00recorded Oct 26, 08:06single source

    Trump cancels Iran strike, oil prices fluctuate

    Read original source ↗ BeInCryptoReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    President Donald Trump
    Action：
    cancelled planned strike on Iran
    Object：
    Iran
    Occurred (fact side)：
    Oct 25, 00:00
    BeInCrypto ↗Report pageOriginal / first version
    Published (valid side)：
    Oct 26, 07:44
    First seen (known side)：
    Oct 26, 08:06
    Fact stationSingle source · one-sided claim

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Oct 26
  1. BeInCryptoRelated fact: single source
    Trump Cancels Immediate Iran Strike, WTI Oil Prices Hold Above $100

    Report first recorded Oct 26, 08:06

    President Donald Trump announced that no immediate strike would be carried out against Iran, causing West Texas Intermediate (WTI) crude to dip to $101.69 before stabilizing above $100. The price remains roughly 53% higher than pre‑war levels. Brent crude, the global benchmark, trades near $116, with Goldman Sachs estimating that about $25 of that premium reflects war‑risk. Gulf oil exports are recovering, but the Saudi‑led coalition reports destroying missiles and drones fired at the kingdom, and at least 18 vessel attacks have been logged in the Gulf over the past two weeks. The decision to pause strikes may cool short‑term market pressure, but oil prices above $100 will depend on whether Qatari mediation leads to a diplomatic thaw before further Gulf shipping or Saudi site attacks occur.

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