Oil prices experienced a sharp decline as President Trump ordered a five-day halt to planned military strikes on Iranian energy infrastructure, easing fears of Middle East conflict escalation. Brent crude fell over 15%, and WTI slid significantly, reversing earlier gains driven by concerns over disrupted oil transit routes. Oil prices experienced a sharp decline as President Trump ordered a five-day halt to planned military strikes on Iranian energy infrastructure, easing fears of Middle East conflict escalation. Brent crude fell over 15%, and WTI slid significantly, reversing earlier gains driven by concerns over disrupted oil transit routes.
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