Oil prices fell sharply after President Donald Trump announced a five-day delay in potential U.S. military strikes against Iran and pointed to constructive diplomatic talks. Brent crude dropped $12.25, or 10.9%, to settle at $99.94 per barrel, while U.S. West Texas Intermediate (WTI) fell $10.10, or 10.3%, to $88.13. The decline reflects market sensitivity to signals of de-escalation, as traders responded quickly to reduced immediate risk of supply disruption. Despite the drop, prices remain elevated, highlighting ongoing uncertainty tied to the conflict and the stability of energy flows in the region.