Oil prices plunge nearly 7pc amid Iran diplomacy push, easing ME supply fears
“Oil prices plunged Monday, with Brent crude futures tumbling nearly 7% to settle at $91.61 a barrel, as hopes for a diplomatic breakthrough between the United States and Iran eased fears of widespread…”
President Donald Trump had met Monday at the White House with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani as diplomatic efforts to de-escalate tensions with Iran fueled optimism in global energy markets.
President Donald Trump said Monday that the US is prepared to launch new strikes against Iran whenever he chooses and as Qatar and Saudi Arabia press for a peaceful resolution to the conflict.
Trump, who met with Qatar’s prime minister earlier Monday, that Qatar would “rather see a peaceful solution” but emphasized that the United States is “ready to go anytime we want” with strikes. Trump’s meeting with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani took place around noon Monday and lasted approximately 45 minutes,.
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The president also addressed the U.S. blockade of Iranian ports in the Strait of Hormuz. “We’ll see where it goes,” he said in a brief phone interview. “I’m prepared,” he added.
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