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The Independent UK
The Independent UK
Business
Stuti Mishra

Oil prices fall and Asia markets rebound after Trump says Iran war will end ‘soon’

Iran Oil Donald Trump Mojtaba Khamenei Ali Khamenei Ayatollah Ali Khamenei United States Vladimir Putin Israel

Oil prices plunged on Tuesday after US president Donald Trump predicted the war in the Middle East could be over “soon”, reversing a surge that had pushed Brent crude to its highest level in more than three years.

Brent crude fell as much as 10 per cent to below $90 (£67.50) a barrel in early Asian trading on Tuesday, after hitting a session high of $119.50 on Monday – its highest since mid-2022.

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