Global Oil Prices Dip as Trump Signals Potential End to Iran Conflict

Tokyo. Crude oil prices fell in the global market after US President Donald Trump signaled that the conflict with Iran could end soon. On Thursday morning, Brent crude prices dropped by $1.16 to $100 per barrel, while US West Texas Intermediate fell by $1.41 to $98.71 per barrel.Investor optimism surged after Trump told Reuters that the US would end the war with Iran 'soon.' Market analysts suggest that the significant drop in oil prices is driven by expectations that Trump's upcoming address will outline a softer policy of de-escalation.IG Markets analyst Tony Sycamore noted that selling pressure has increased in...