Oil on track to post second weekly decline as Trump eases fears of renewed war with Iran
Oil prices were on course to post a second weekly decline as supply concerns eased, after US President Donald Trump signalled that he is not keen to restart the Iran war. But further attacks on ships in the region mean prices remain volatile. Brent, the benchmark for two thirds of the world's oil, was down 0.24 per cent at $95.59 a barrel at 8.53am UAE time. West Texas Intermediate, the gauge…
President Donald Trump instructed Vice President JD Vance to redirect his attention from the ongoing Iran conflict to combating corruption and crime within Democratic-controlled areas of the United States, following Republicans' significant midterm election losses. This directive came after Vance publicly acknowledged the war's contribution to the party's electoral setbacks.
Trump further emphasized in a social media post that "We don't need a deal with Iran... We've got their money, Hundreds of Billions of Dollars, and we've got their Strait!" The former president also suggested that mediation efforts by Qatar were making progress and hinted at the possibility of restarting strikes against Iran if necessary.
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