Oil Prices Sink to 10-Week Low After Trump Rules Out Iran Strikes

RecentNews.uk

Global crude oil prices reached a 10-week low following remarks from Donald Trump.

Markets dropped by over three percent as fears of direct US strikes on Iran subsided.

Reports of easing tensions in the Strait of Hormuz also contributed to the sell-off.

The correction offers potential relief for wholesale energy costs and consumer fuel prices.

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