Crude oil plunged after U.S. President Donald Trump said the U.S.-Israel versus Iran conflict would end "very soon." The remark reduced the geopolitical risk premium that had pushed oil "sky-high" in recent days, prompting a sharp drop in energy markets (magnitude not specified in the article). Expect near-term easing of oil-market risk premia, which could pressure oil producers and economies benefiting from elevated oil prices.
Crude oil plunged after U.S. President Donald Trump said the U.S.-Israel versus Iran conflict would end "very soon." The remark reduced the geopolitical risk premium that had pushed oil "sky-high" in recent days, prompting a sharp drop in energy markets (magnitude not specified in the article). Expect near-term easing of oil-market risk premia, which could pressure oil producers and economies benefiting from elevated oil prices.
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