Oil drops following Trump Iran talk

Oil prices declined today after U.S. President Donald Trump announced that he does not intend to launch an attack on Iran before the upcoming U.S. elections. According to Reuters, this came as some concerns about oil supplies in the Middle East were eased. Brent crude prices fell by 0.7% to $103.53 per barrel, while West Texas Intermediate also dropped by 0.6% to $90.97. This decline reflects market divergence following Trump's comments about constructive talks with Iran and a move away from military escalation before the elections.

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