Oil prices tumbled below the $90 per barrel mark on Friday on hopes of a deal to restore global crude flows after signs of easing tensions in the Middle East. US President Donald Trump said Washington had reached a framework agreement with Iran and that the “war has ended today.” MORE..
US President Donald Trump said Washington had reached a framework agreement with Iran and that the "war has ended today." Around 7 am IST, WTI Crude stood at 86.73, down 0.98 or 1.12%, while Brent Crude was at 89.45, down 0.93 or 1.03%. Trump, who had earlier threatened to hit Iran "very hard," called off planned strikes on Thursday, saying discussions with Iran had progressed.
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