US crude futures fall to $80.34
The US crude oil futures fell by 5% at the close, with the price of a barrel reaching $80.34. Tensions in the region continue to persist, and Israeli escalation against border towns is ongoing. Former US President Trump also indicated that the United States had planned a major strike against Iran yesterday, emphasizing that the US does not allow Iran to impose tolls on passage through the Strait of Hormuz. He added that negotiations with Iran are currently underway at their request.
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