Oil down more than $7 a barrel in post settlement trade as Trump signals restraint on Iran
Photo: Daily MirrorAI summary · 1 min read
1 min readFrom 3 outlets- Daily Mirror reports that Brent crude lost more than $7 a barrel in post-settlement trading on Monday.
- Daily Mirror says oil prices had also fallen at Monday’s open after Trump described further US attacks as highly unlikely if talks progressed.
- Daily Mirror reports that both the US and Iran had reported attacks on ships in or near the Strait of Hormuz.
Daily Mirror reports that Brent crude futures continued to decline after Monday’s settlement, falling by more than $7 a barrel to their lowest level since late August. Daily Mirror and Ada Derana report that oil fell after Trump signalled restraint over the possibility of further US strikes on Iran; Hiru News also reports a sharp fall in oil prices.
Daily Mirror reports that prices had already fallen at Monday’s open after Trump said he was highly unlikely to order new attacks while talks aimed at ending the conflict made progress. Ada Derana and Hiru News report that Trump linked the likelihood of renewed strikes to progress in talks.
Daily Mirror reports that both the United States and Iran had reported attacks on ships in or near the Strait of Hormuz, despite the diplomatic efforts. Lankadeepa reports that Trump said he believed the military action taken against Iran alongside Israel had ended.
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Earlier coverage
Reports on the same subject from the months before this story.
- Ada Derana (தமிழ்) · ட்ரம்பின் அறிவிப்பால் எண்ணெய் விலை சரிந்தது!
- Lankadeepa · බොර තෙල් මිල සියයට 1 කින් පහළට
- Lankadeepa · ට්රම්ප්ගේ පරාජය තෙල් මිල බස්සයි
- Hiru News · Oil falls as Trump says new Iran attacks unlikely
- Hiru News · Oil prices crash nearly 7% amid US-Iran peace optimism