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macroAug 18, 2026, 12:30 AM

WTI Steadies Near $84 as Trump Rejects Truce Extension

WTI crude is holding around $84.00 in early Asian trading as markets assess Middle East developments following reports that Trump rejected a truce extension.

WTIUSD

West Texas Intermediate crude was little changed around the $84.00 level during early Asian trading on Tuesday. The US oil benchmark steadied as market participants continued to weigh developments in the Middle East.

Attention focused on reports that President Trump rejected a truce extension, leaving geopolitical uncertainty in play. That kept oil prices within a narrow range rather than sparking a sharp directional move.

Traders are monitoring whether the situation affects supply routes or broader regional stability. Early trading showed no sharp breakout in either direction, with WTI remaining anchored near $84.00.

Source: FXStreet Forex News