Crude oil prices drop for first time since Iran, US-Israel war

Global crude lipid prices fell connected Tuesday for the archetypal clip since February 28, 2026, erstwhile the struggle involving Iran, the United States and Israel commenced.

Checks by DAILY POST showed that the Brent and West Texas Intermediate (WTI) crude benchmarks declined to $91.11 and $86.93 per barrel, respectively, aft antecedently trading adjacent to $100 per barrel.

The driblet followed remarks by the President of the United States, Donald Trump, who suggested that the ongoing struggle with Iran could soon travel to an end.

Speaking successful an interrogation with CBN News connected Monday, Trump said, “I deliberation the warfare is precise complete, beauteous much”.

He added that the US was “very acold up of schedule”.

His comments triggered a swift absorption successful the lipid market, with WTI crude slipping beneath $90 per tube connected Monday.

The diminution follows astir 10 days of rising crude prices, which had surged from astir $67 per barrel.

The escalation had disrupted activities astir the strategical Strait of Hormuz shipping way and led to the shutdown of immoderate refineries successful Saudi Arabia and Qatar, starring to ...