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Oil Prices Plunge Over 6% as Trump Hints at Middle East De-escalation
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Crude Oil Plunges Over 6% as Trump Signals Middle East De-escalation
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News18
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10-03-2026, 07:58
Crude Oil Plunges Over 6% as Trump Signals Middle East De-escalation
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Oil prices fell over 6% after US President Donald Trump predicted a quick end to the Middle East conflict.
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Brent futures dropped $6.51 to $92.45 a barrel; WTI crude fell $6.12 to $88.65 a barrel.
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Prices had surged past $100 a barrel earlier due to supply cut fears amid the US-Israeli war with Iran.
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Trump's comments and Russian President Vladimir Putin's proposals eased concerns about prolonged supply disruptions.
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Iran's IRGC threatened to halt oil exports, but prices remained under pressure as Trump considers easing Russian sanctions and releasing stockpiles.
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