Oil Slides as Trump Seeks to Ease War Length Concerns
Government
Francisco Blanch, Head: Global Commodities at Bank of America Securities, assesses the potential energy market impact of drawn-out conflict in the Middle East. Oil tumbled after US President Donald Trump said the Iran war will end soon, while the conflict continues to disrupt crude production and refining in the Middle East. Global benchmark Brent fell as much as 11% before clawing back some losses, following a dramatic session on Monday that saw the biggest intraday price swing on record.
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