Markets react as Trump triggers oil drop
Global oil prices fell by more than 4.6% on Friday trading after statements from U.S. President Donald Trump announcing that Washington has ended the war with Iran. Brent crude contracts declined by 4.69% to reach $86 per barrel, while U.S. crude futures dropped by 4.61% to around $83, amid a wave of selling in energy markets. Iran denied the validity of any final agreement, indicating that negotiations are still ongoing, amid conflicting statements from both sides regarding the Iranian nuclear deal.
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