Oil prices crash after Trump eases Iran tensions, cheaper petrol may follow

🇳🇬 Nairametrics Nigeria (NG) —
Oil prices crash after Trump eases Iran tensions, cheaper petrol may follow

AI Summary

Oil prices dropped following signs of eased tensions between the US and Iran under President Trump. The development raises expectations for cheaper petrol and a reopening of the Strait of Hormuz.

Nigerian crude oil and major oil contracts slid on Monday as fresh talks between the US and Iran would begin under President Donald Trump, fueled by hopes that a deal would reopen the Strait of Hormuz. The post Oil prices crash after Trump eases Iran tensions, cheaper petrol may follow appeared first on Nairametrics.

World Politics Markets Deals Commodities Energy oil prices US-Iran relations Donald Trump Strait of Hormuz petrol prices energy market

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