Oil prices dropped below $90 per barrel as US President Donald Trump announced a framework agreement with Iran, signaling an end to the conflict and the expected reopening of the Strait of Hormuz. This development follows a week of heightened tensions and Iran’s earlier threat to close the vital shipping lane, which had previously kept oil prices elevated. Oil prices dropped below $90 per barrel as US President Donald Trump announced a framework agreement with Iran, signaling an end to the conflict and the expected reopening of the Strait of Hormuz. This development follows a week of heightened tensions and Iran’s earlier threat to close the vital shipping lane, which had previously kept oil prices elevated.
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Oil prices slip below $90: Brent, WTI tumble after Trump announces ‘ending war with Iran’
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