Oil prices tumbled after President Trump said the US could leave Iran within two to three weeks, even as the Strait of Hormuz remains largely closed and additional US troops head to the region. The remark appears to have reduced an immediate oil risk premium, driving near-term price weakness despite persistent regional tensions.
Oil prices tumbled after President Trump said the US could leave Iran within two to three weeks, even as the Strait of Hormuz remains largely closed and additional US troops head to the region. The remark appears to have reduced an immediate oil risk premium, driving near-term price weakness despite persistent regional tensions.
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