Oil Prices Slip as Trump Calls Iran Attacks Unlikely
By late morning, global oil benchmarks edged lower, with Brent crude trading at $97.67 a barrel, down 64 cents (0.64%), and U.S. West Texas Intermediate at $90.51, down 35 cents (0.40%). The modest decline followed President Donald Trump's remarks to CNN that a renewed large-scale attack on Iran was "highly unlikely" and would depend on the signing of a strong agreement.
Trump had previously hinted at the possibility of renewed major attacks on Iran after the recent U.S. midterm elections, but he noted no indication of an imminent U.S. military operation. Iran, in turn, warned it would strike U.S. and Israeli targets if attacked.
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FAQ
What were the exact price changes for Brent and WTI?
Brent fell 64 cents to $97.67 per barrel, a 0.64% drop, while WTI fell 35 cents to $90.51 per barrel, a 0.40% drop.
What did President Trump say about the likelihood of new attacks on Iran?
He told CNN that fresh attacks on Iran are highly unlikely and would depend on whether a very strong agreement is signed.
Has Iran responded to the U.S. statements?
Iran said it would respond by striking U.S. and Israeli targets if attacked.
Source: Economic Times Markets. See the original source for full details.
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