Crude Oil Prices Drop Amid Reduced Concerns Over US-Iran Tensions
Crude oil prices fell as concerns over a limited escalation in U.S.-Iran hostilities eased. Initial gains were erased after the U.S. avoided targeting Iran's energy infrastructure and President Trump downplayed full-scale war, suggesting potential recovery of shipping flows through the Strait of Hormuz.
Topics: crude_oil energy_markets US-Iran_relations