US president’s claim that conflict is nearing end prompts 15% drop in Brent crude and stock market climb in Asia
Oil prices tumbled and stock markets have rallied across the world after Donald Trump said the war in Iran would end in “two to three weeks”.
Brent crude, the international benchmark for oil, fell as low as $98.35 a barrel on Wednesday, down more than 15% on the previous day and its lowest level in a week. It later recovered some ground, ending the day at $102.
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