Oil falls as Trump downplays prospect of escalation with Iran
viaeconomictimes.indiatimes.com1h ago
Oil prices fell due to President Trump’s announcement regarding US military action against Iran, easing supply concerns. Brent crude futures dropped to $92.33 per barrel while WTI futures reached $86.50. Trump stated he would maintain a naval blockade in the Strait of Hormuz temporarily. OPEC’s oil…
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