Crude Oil Prices Plunge After Trump Suggests Iran War Could End Soon

Crude oil prices fell on Tuesday, March 10, after surging to their highest level in more than three years in the previous session. The decline came after US President Donald Trump indicated that the ongoing Iran war could be nearing its end. Trump also warned Iran not to block the Strait of Hormuz, a crucial route through which about one-fifth of the world’s oil supply passes, helping ease fears of supply disruptions and putting pressure on crude prices.

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