Crude oil fell sharply after reports that U.S. President Trump is willing to end a U.S. military offensive in Iran and pursue diplomatic pressure to reopen the Strait of Hormuz. The development removes a geopolitical risk premium on oil, putting downward pressure on energy prices, weighing on oil producers and easing shipping and supply‑chain concerns in the Gulf.
Crude oil fell sharply after reports that U.S. President Trump is willing to end a U.S. military offensive in Iran and pursue diplomatic pressure to reopen the Strait of Hormuz. The development removes a geopolitical risk premium on oil, putting downward pressure on energy prices, weighing on oil producers and easing shipping and supply‑chain concerns in the Gulf.
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mildly positive
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0.15
