Oil prices fell about 5% after Donald Trump said Washington and Tehran are "in negotiations right now" and suggested Iran is keen to reach a peace agreement. The move removes near-term geopolitical risk premium in oil, easing upside pressure on inflation and weighing on energy producers while benefiting oil-consuming sectors and broader risk assets.
Oil prices fell about 5% after Donald Trump said Washington and Tehran are "in negotiations right now" and suggested Iran is keen to reach a peace agreement. The move removes near-term geopolitical risk premium in oil, easing upside pressure on inflation and weighing on energy producers while benefiting oil-consuming sectors and broader risk assets.
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