Stock Markets Crash LIVE | Brent Crude Slides To $86 As Trump Claims 'Great Settlement' In Iran War
Oil prices extended their decline on Friday after US President Donald Trump said a peace agreement with Iran could be signed as soon as this
Oil prices extended their decline on Friday after US President Donald Trump said a peace agreement with Iran could be signed as soon as this weekend, raising hopes that disruptions to Middle Eastern energy supplies may eventually ease. Brent crude fell nearly 2% at the open to $88.79 a barrel after ending the previous session at a two-month low, and is now trading at $86.70. US benchmark West Texas Intermediate traded near $89 a barrel.
The latest drop comes after a volatile week in which Trump alternated between threatening fresh military action against Iran and suggesting that a diplomatic breakthrough was imminent. Speaking at the White House, Trump said a deal could be signed in Europe as early as this weekend and claimed Iran's leadership had agreed to its broad contours, though he acknowledged that negotiations were not yet complete. Tehran has not publicly confirmed any agreement.
Iran's semi-official Fars news agency reported that no final text has been approved by the country. About NDTV (English news channel) NDTV is India's Most-Trusted News Broadcaster with the latest updates in news, sports, entertainment and much more from within India and around the world. Watch big political debates, exclusive entertainment interviews, news bulletins, current affairs, talk shows and tech reviews with our 24x7 news live streams, packed with credible information across all platforms: TV, Internet and Mobile.
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