Oil Drops Over $7 After Trump Signals Iran Restraint
Crude oil fell by more than US$7 a barrel in post-settlement trade following signals of restraint regarding Iran from Donald Trump.
Crude oil declined by more than US$7 a barrel in post-settlement trade, according to The Business Times. The market move followed signals of restraint on Iran from Donald Trump.
Market Reaction
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The sharp downward movement in post-settlement trade reflected shifting geopolitical risk premiums in energy markets following the diplomatic signals concerning Iran.
Key facts
- Oil fell more than US$7 a barrel
- Trade occurred in the post-settlement period
- The move followed signals of restraint on Iran from Donald Trump
Source: news.google.com
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