Crude Oil Prices Plunge in Asian Markets Following Reports of US-Iran Talks
Summary
Crude oil prices dropped significantly in Asian markets after US President Donald Trump announced ongoing talks to end the Iran conflict, easing supply disruption fears.
Key Points
- Crude oil prices dropped sharply in Asian markets early Wednesday.
- US President Donald Trump announced talks underway to end the Iran conflict.
- Brent crude fell by 6.5 percent to $97.65 per barrel, after surpassing $100 the previous day.
- US oil prices also dropped by 6 percent to $86.77 per barrel following the news of negotiations.
