Oil Prices Plunge Over 6% as Trump Hints at Middle East De-escalation

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Crude Oil Plunges Over 6% as Trump Signals Middle East De-escalation

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News18•10-03-2026, 07:58

Crude Oil Plunges Over 6% as Trump Signals Middle East De-escalation

•Oil prices fell over 6% after US President Donald Trump predicted a quick end to the Middle East conflict.
•Brent futures dropped $6.51 to $92.45 a barrel; WTI crude fell $6.12 to $88.65 a barrel.
•Prices had surged past $100 a barrel earlier due to supply cut fears amid the US-Israeli war with Iran.
•Trump's comments and Russian President Vladimir Putin's proposals eased concerns about prolonged supply disruptions.
•Iran's IRGC threatened to halt oil exports, but prices remained under pressure as Trump considers easing Russian sanctions and releasing stockpiles.

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