Oil posts gains after Trump's Iran comments
Oil prices declined following remarks by U.S. President Donald Trump, who confirmed that the United States would not attack Iran before the upcoming elections next month. This eased concerns about Middle Eastern supply disruptions. Brent crude fell by 1.52% to $102.80, and West Texas Intermediate decreased by 1.38% to $90.27, despite Brent still heading for a weekly gain of 4% driven by earlier events such as attacks on oil tankers in the region. Oil prices had temporarily surged due to past tensions, but the American announcement helped restore some stability to the market.
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