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Oil Prices Fall After Trump Pauses Planned Iran Strike
Oil prices dropped in early Asian trade on Tuesday after President Trump said he had paused a planned military strike on Iran to allow negotiations to continue.
AI Summary
Oil prices fell in early Asian trade on Tuesday after President Trump announced a pause on a planned military strike against Iran to keep diplomatic negotiations open. Brent front‑month futures were at $109.70 per barrel, down 2.11%, while West Texas Intermediate front‑month futures traded at $102.80, down 1.55%. The decline follows a surge on Monday when drone strikes on the UAE and Saudi Arabia pushed prices higher after the Trump‑Xi summit failed to secure a reopening of the Strait of Hormuz.
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