Oil prices decline on Tuesday after U.S. President Donald Trump says he is calling off or postponing a planned military strike on Iran. Both outlets report that the decision reduces market expectations of a near-term disruption to oil supply from the Middle East, contributing to easing risk and downward pressure on prices. Euronews says Trump announces he is calling off the planned attack, while CNBC reports he postpones it after requests from key Middle Eastern leaders. The reports indicate the move is closely watched by traders because military action in the region could affect crude production, shipping routes, and broader regional stability. While the timing and framing differ slightly—“called off” versus “postponed”—the common element across both stories is that the threatened action is no longer imminent as previously indicated. As a result, investors appear to adjust their pricing for geopolitical risk in the oil market. Additional developments depend on whether the U.S. ultimately renews the plan or reaches further diplomatic outcomes.