Oil drops as Trump reassures markets
Oil prices declined following reduced concerns over Middle East supplies after Trump's statements confirming that the United States does not intend to attack Iran before the scheduled US elections in November, amid efforts to ease the conflict that has harmed global energy markets. Brent crude fell by 0.9% to $103.36 per barrel, and West Texas Intermediate dropped by 0.8% to $90.74, despite Brent having increased by 4% on Thursday, as tensions in the Strait of Hormuz and their impact on global oil supplies continue to persist.
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