US EditionOil Prices Plunge 3% as Trump Plays Down Prospect of War With Iran
17 Articles
17 Articles
Why does Iran unrest trigger oil price swings?
Political instability in Iran, a major oil producer, together with U.S. President Donald Trump’s recent threats against the country have reignited fears of disruptions to crude supplies, sparking price volatility on global markets.
Oil prices fell on January 15 amid US President Donald Trump's statement that US military action against Iran is not planned at the moment.
The barrel of the North American WTI variety fell by 3%, to $60.16, while that of the North Sea Brent by 2.87%, to $64.61.
Oil Prices Plunge 3% as Trump Plays Down Prospect of War With Iran
Oil prices fell sharply in early Asian trade on Thursday, with both major crude benchmarks retreating by around 3 percent as markets reacted to comments from U.S. President Donald Trump that appeared to lessen the likelihood of an imminent U.S. military strike on Iran. At the time of writing, WTI crude was down $1.86, or 3.00 percent, at $60.16 per barrel, while Brent crude stood at $64.57, down $1.95, or 2.93 percent on the day. This drop in pr…
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Noticias ao MinutoDonald Trump, who had a threat to intervene in the Goo, calmed the tom on Thursday during an event in the White House.
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