Oil prices fall 3% on report Trump reluctant to restart Iran war

Key points

• Oil prices dropped about 3% Thursday, on a report that President Donald Trump is reluctant to resume full-scare war with Iran despite recent clashes.
• West Texas Intermediate futures declined 3.5% to $92.64 per barrel by 8:30 a.m. ET.
• Brent futures, the international benchmark, were down more than 3% at $94.78 per barrel.
• Trump told his aides that the weekslong ceasefire with Iran is holding despite sporadic clashes, unnamed U.S. officials told The Wall Street Journal.
• The president said he would consider ending the truce if Iran kills American troops, the officials said.