Global oil markets have experienced renewed volatility following signals from U.S. President Donald Trump regarding military action against Iran and ongoing diplomatic efforts to stabilize the region. Price movements over the past days reflect a market highly sensitive to geopolitical risk, supply disruptions, and shifting expectations around negotiations between Washington and Tehran.

Initially, oil prices surged by around 1% after President Trump warned that Iran could face renewed bombing if it refused to accept proposed conditions. The statement immediately heightened fears of a broader regional escalation in the Middle East, particularly given the strategic importance of the Strait of Hormuz, through which a significant share of global oil exports passes.

However, sentiment shifted quickly on June 12, when Trump announced a reversal of his earlier stance, stating that planned military operations against Iran had been postponed. This de-escalatory signal triggered a reversal in oil prices, pushing them lower across major benchmarks.

On the London Intercontinental Exchange, Brent crude fell by $2.19 to $88.19 per barrel. Meanwhile, West Texas Intermediate (WTI) crude on the New York Mercantile Exchange dropped by $1.97 to $85.74 per barrel. In contrast, Azerbaijan’s Azeri Light crude showed a modest increase of 0.51%, reaching $96.85 per barrel, reflecting regional pricing........

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