OIL PRICES FALL AS U.S. DELAYS ACTION ON IRAN Oil prices dropped sharply as expectations of U.S. military action against Iran eased, reducing recent geopolitical risk premiums. The pause has lowered immediate fears of supply disruptions, though risks remain. WTI fell 4.3% to $59.36 a barrel, while Brent dropped 4.2% to $63.77.(*Walter Bloomberg)