Brent price rolled back to $90 per barrel amid Trump's promises to quickly end the war against Iran
Yesterday the price exceeded $119.

Tanker in the Strait of Hormuz. Photo: Stringer/Anadolu via Getty Images
As The Bell writes, such an intraday range has never been seen in history. The market fluctuated "between fears of a prolonged conflict around Iran and Trump's promises to quickly end the war and open the Strait of Hormuz," journalists note.
Earlier, Donald Trump stated that the US and Israel had "broken" Iran and the war was almost over. According to him, Tehran has "neither a navy, nor communications, nor air forces" left. In addition, the politician threatened that Iran would retaliate if it interfered with navigation in the Strait of Hormuz.
He also announced that Washington is considering a number of measures to curb the rise in oil prices. Among them, a partial easing of sanctions against Russian oil may be likely. This will help increase global supply and lower prices, Reuters reports.
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