Oil falls on open as Trump says fresh Iran attacks 'unlikely'
Executive Intelligence Dispatch
Oil prices fell after US President Donald Trump stated that fresh attacks on Iran are highly unlikely as long as talks to end the conflict progress.
Key Facts & Findings
- —Brent fell 64 cents, or 0.64%, to $97.67 a barrel
- —West Texas Intermediate (WTI) fell 35 cents, or 0.40%, to $90.51 a barrel
- —Trump hinted at renewing major attacks on Iran after last week's US midterm elections
“It depends on whether or not they sign a very strong agreement. The answer is, highly unlikely it's going to be necessary.”
The decline in oil prices may have a positive impact on Sri Lanka's economy, which has been heavily reliant on imports.
The situation remains fluid, and further developments in US-Iran relations may lead to changes in oil prices
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Oil falls on open as Trump says fresh Iran attacks 'unlikely'
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