Oil prices hit 10-week low after Trump comments on Iran
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Oil prices fell to a 10-week low after comments from President Trump on Iran signaled reduced geopolitical tensions. The decline reflects markets pricing in a lower risk of supply disruption from the Middle East. Easing crude prices could feed through to softer inflation readings and shift global economic forecasts. Traders will watch whether the de-escalation holds and whether oil extends its slide, with attention on Iran-related headlines and upcoming inflation data.
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Named in this story
oil (OIL), Iran, Donald Trump
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