Oil prices tumble by 15% after Trump predicts Middle East de-escalation
Government
NEW YORK, March 10 : Oil prices plunged by about 15 per cent on Tuesday, a day after soaring to their highest levels since 2022, pressured after U.S. President Donald Trump predicted the war with Iran could end soon, which should minimize oil supply disruptions. Brent futures fell $14.23, or 14.5 per cent, to $84.73 a barrel at 2:01 p.m. EDT (1801 GMT). U.S. West Texas Intermediate (WTI) crude fell $14.46, or 15.5 per cent, to $80.31. Prices were even lower at midday, after U.S. Energy
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