Oil prices have fallen following President Trump's announcement that the US war on Iran is 'effectively over.' During a press conference, he stated that regional allies are well-protected and emphasized that no escalation is necessary. Brent crude prices have dipped below $90, marking their lowest since August.
Watch for potential shifts in global oil markets as the US-Iran situation evolves. Trump's declaration may influence OPEC's strategies and regional alliances. Keep an eye on how this affects US energy policies and relations with Gulf allies in the coming weeks.