Oil falls over 13% on Trump postponing military strikes on Iran energy infrastructure

Group 1 - Oil prices experienced a significant decline of over 13% following U.S. President Donald Trump's announcement to postpone military strikes on Iranian energy infrastructure [1][2] - Brent crude futures dropped approximately $17, or 15%, reaching a session low of $96 per barrel, while U.S. West Texas Intermediate fell by $13, or about 13.5%, to a session low of $85.28 [2] Group 2 - The postponement of military action has led to a rally in world markets, with stocks rising and the dollar declining as investor sentiment improves [3]