Oil drops as Trump threatens Iran
Global oil prices have significantly declined following sharp comments from U.S. President Donald Trump against Iran, where he indicated options including eliminating Iran, choking its economy, or reaching an agreement, while emphasizing that decisive decisions are imminent. Brent crude oil fell to approximately $101.6 per barrel, a decrease of 2%, while West Texas Intermediate settled at $98.1, down by 1.3%. The escalation coincides with the United Nations meetings in New York, amid concerns that political escalation could lead to a military confrontation, potentially impacting global energy markets.
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