403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Energy Prices Fall on Hopes of Iran War Ending
(MENAFN) Energy markets began to decline on Wednesday as US President Donald Trump signaled a potential end to the conflict in Iran.
Speaking after signing a presidential decree at the White House, Trump indicated that American forces will withdraw from Iran within “two to three weeks,” marking a likely halt to ongoing attacks.
"All I have to do is leave Iran, and we’ll be doing that very soon, we'll be leaving very soon," Trump said, adding that it will happen in "maybe two weeks, maybe three."
As of 0700GMT, Brent crude futures were trading near $98 per barrel, down 5%, while West Texas Intermediate (WTI) fell 4% to $97 per barrel. Natural gas on the Dutch TTF benchmark also declined by 6%, trading at €47 ($54.5).
Speaking after signing a presidential decree at the White House, Trump indicated that American forces will withdraw from Iran within “two to three weeks,” marking a likely halt to ongoing attacks.
"All I have to do is leave Iran, and we’ll be doing that very soon, we'll be leaving very soon," Trump said, adding that it will happen in "maybe two weeks, maybe three."
As of 0700GMT, Brent crude futures were trading near $98 per barrel, down 5%, while West Texas Intermediate (WTI) fell 4% to $97 per barrel. Natural gas on the Dutch TTF benchmark also declined by 6%, trading at €47 ($54.5).
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment