Oil prices dropped approximately 5.5% in early Monday trading, according to market reports, after President Donald Trump announced a freeze on U.S. strikes against Iran.
01 · THE DISPATCH
Oil prices dropped approximately 5.5% in early Monday trading, according to market reports, after President Donald Trump announced a freeze on U.S. military strikes against Iran. The oil market has experienced significant volatility this year. Earlier in July, Brent crude fell 12% overnight after a pause in the US-Iran conflict, as The Zioneer reported. Oil prices also rose 5% earlier in July after Trump's remarks on the MOU with Iran. Last week, Axios reported that Trump ordered a two-week halt to the strikes, a move covered by The Zioneer.
02 · How it developed
2 developments
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03 · Source and signal
Source and signal
- Open-source intake