Trump delays decision on striking Iran, easing concerns about escalating situation

According to Golden Finance, traders and analysts are still closely monitoring the actions in the Strait of Hormuz and Iran, as geopolitical uncertainty continues to drive bullish sentiment in the crude oil market ahead of Trump's final decision in the coming weeks. Due to Trump's delay in making a decision to strike Iran, concerns about an immediate escalation of the situation have been alleviated, and oil prices have remained stable. WTI crude oil remains around $74, while Brent crude oil prices are close to $79, and the market is still considering the risk premium brought about by the escalating tensions in the Middle East. Previously, the White House stated on the Iran issue that Trump will decide within two weeks whether to attack Iran.