Post #2719

🛢 Oil Prices Drop 4% After Trump Predicts End to Middle East War 📉 Oil prices fell sharply on Tuesday after hitting a three-year high, as Donald Trump suggested the Middle East war could end soon, easing fears of prolonged global supply disruptions. 💵 Brent crude dropped $4.17 (4.2%) to $94.79 a barrel, while U.S. WTI crude fell $3.81 (4%) to $90.96. Prices had surged past $100 a barrel on Monday due to Saudi production cuts and the expanding U.S.-Israeli conflict with Iran. 🤝 Market concerns eased after Vladimir Putin spoke with Trump and presented proposals aimed at quickly resolving the conflict. Trump said he believed the war with Iran was «very complete» and ahead of his expected timeline. ⚔️ Iran responded, warning it would control oil exports if attacks continued, while Trump reportedly considered easing sanctions on Russia and releasing emergency crude reserves. 🌍 G7 members said they were ready to take «necessary measures» to address the oil price spike, but did not commit to releasing reserves. #MiddleEast#News