Oil prices are dropping after Trump has postponed his decision to hit Iran

Oil prices fell after President Donald Trump hinted that he decided to strike Iran within two weeks, which calmed the concerns about an imminent US attack. Brent -Ruola fell at $ 77 a barrel, reducing the third weekly profits, while the Western Texas -Tussentage crude oil traded August, nearly $ 74. White House spokeswoman Caroline Levitte told reporters that the decision would take some time due to the ‘great opportunity to negotiate with Iran’, according to a message determined by Trump, without clearing the timeframe for it. The oil market was a witness to a turbulent week, as futures ranged in a series of about $ 8, the fluctuations increased significantly, the time gaps expanded and the options contracts reached for some time to optimistic levels that exceeded the Russian war against Ukraine. The fear of a US battle that was 3% Brent on Thursday, due to concerns about a possible US battle during the weekend. Senior US officials have started to launch an attack, although it has not been decided, according to people who are known. “Levitte’s remarks have withdrawn a little momentum from the market. At least at the moment it is expected that prices will remain strongly supported within this very volatile range between $ 70 and 80 dollars a barrel,” said Westpac Banking Corp. said. Israel continues to launch attacks on iranic core places, but so far the infrastructure for export of oil in Iran has not been affected. However, indicators show that the member accelerates “OPEC” state to take its oil to the market, as the storage tanks on the island of “Exit” are filled with crude oil. The biggest concern in the oil market is still focused on the street of Hormuz, but there are currently no signals on Tehran’s attempt to disrupt the movement of shipping through this narrow sea team at the golf entrance; This goes about five global crude oil supplies. Prices: Brent Ru, delivery in August, dropped 2.1% to $ 77.21 a barrel at 8:26 pm Singapore. The crude oil “West Texas Intermediate” increased by 0.6% by August to $ 73.91 a barrel compared to Wednesday, pointing out that it did not register a settlement price on Thursday due to a holiday in the United States. As for the closest July contract, ending Friday, it rose to $ 76.