Crude oil prices tumbled Thursday morning after reports suggested that President Donald Trump remains reluctant to escalate the simmering conflict with Iran into a full-scale war.
The decline signals investor relief that energy markets may avoid the immediate shock of a major Middle East confrontation, even as geopolitical tensions linger across the region.
West Texas Intermediate crude dropped 3.5% to $92.64 per barrel by 8:30 a.m. Eastern time, while international benchmark Brent fell more than 3% to $94.78.
The slide came as market participants ...
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