Oil prices fell by more than 3% in early Asian trading on Thursday after U.S. President Donald Trump said that violence in the crackdown on protests in Iran is easing, easing fears of a possible military strike against Tehran and supply disruptions. This statement has calmed market sentiment, reducing the risk premium in the energy sector.
Oil Prices Drop Following Trump's Remarks on Iran
Oil prices in Asia fell over 3% after Donald Trump stated that violence in Iran is decreasing, reducing fears of military conflict and supply disruptions.