Crude Oil Prices Plummet 10% as Trump Signals Iran Tensions Easing

• International crude oil prices, including Brent and WTI, dropped by approximately 10% on Tuesday.
• The sudden fall is attributed to US President Donald Trump's statements suggesting an imminent end to US-Iran tensions.
• Diplomatic discussions, including a phone call between Russian President Vladimir Putin and Trump, also contributed to market relief.
• Iran's IRGC warned against US/Israeli attacks, threatening to block oil exports via the Strait of Hormuz.
• Despite warnings, the US is considering easing Russia sanctions and releasing oil from SPR; Gulf nations eye production cuts.