Oil Prices Fall 4.7 Percent on Hopes of US–Iran Deal
An agreement between the two nations has been ‘largely negotiated,’ President Donald Trump said.
TL;DR
- Crude oil prices fell more than 4.7 percent on Monday, trading at $95.44 per barrel.
- The decline is linked to indications of an impending deal to end the US-Iran war.
- President Donald Trump stated that the US and Iran have nearly reached a "Memorandum of Understanding pertaining to PEACE."
- Trump also mentioned concluding talks with leaders of several Middle Eastern and South Asian countries and a positive call with Israeli Prime Minister Benjamin Netanyahu.