Oil prices fall and markets rally after Trump says Iran war will be over in three weeks
US president says conflict will end in ‘two to three weeks’, leading to 15% drop in brent crude and stock market climb in Asia Business live – latest updates Oil prices tumbled and stock markets rallied across the world on Wednesday after Donald Trump said the war in Iran would end in “two to three weeks”. Brent crude, the international benchmark for oil, dropped to $99.78 a barrel, down more than 15% compared with its price on Tuesday – its lowest level in a week.
US president’s claim that conflict is nearing end prompts 15% drop in Brent crude and stock market climb in Asia
Business live – latest updates
Oil prices tumbled and stock markets have rallied across the world after Donald Trump said the war in Iran would end in “two to three weeks”.
Brent crude, the international benchmark for oil, fell as low as $98.35 a barrel on Wednesday, down more than 15% on the previous day and its lowest level in a week. It later recovered some ground, ending the day at $102.
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