‘FINAL STAGES’: Trump’s Huge Iran Update Sends Oil Prices Tumbling
Oil prices fell sharply Wednesday after President Donald Trump said negotiations with Iran are in the “final stages,” raising hopes that the Strait of Hormuz could reopen and ease global supply concerns. West Texas Intermediate futures dropped more than 6% to $97.74 per barrel, while Brent crude fell nearly 6% to $104.62 per barrel. Trump…
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