Oil Prices Dip After Trump Delays Potential Attack Deadline on Iran's Energy Infrastructure

New York. International oil prices have decreased after US President Donald Trump announced a 10-day postponement of the deadline for a potential US attack on Iran's energy infrastructure.

A decline in crude oil prices was observed during early trading on Friday. Uncertainty remains in the market, only partially recovering the previous day's gains as concerns grow that the conflict might drag on longer than expected.  

At 02:30 GMT on Friday, the price of Brent crude, the international benchmark on the ICE Exchange in London, fell by 1.5 percent to $93.07 per barrel.

Similarly, the US benchmark for oil, West Texas Intermediate (WTI), traded 1.8 percent lower at $106.12 per barrel. In the long term, prices remain at a high level.

Since the war with Iran began, the price of Brent crude oil has increased by nearly 50 percent, while WTI has also risen by about 40 percent.