Washington, April 8 (IANS) Oil prices dropped sharply after US President Donald Trump said he would pause planned military strikes on Iran for two weeks, easing fears of a wider conflict in the energy-rich Gulf region. US crude futures fell below $100 a barrel, reversing recent gains driven by weeks of tensions around the Strait of Hormuz, a key global oil transit route, The Wall Street Journal said on Tuesday (Local time).The decline followed Trump’s announcement that he would suspend attacks…
Latest Asian Stocks News & Updates
New Delhi, April 7 (IANS) Global crude oil prices on Tuesday hit new highs, jumping more than 3 per cent amid geopolitical tensions and US President Donald Trump’s Tuesday deadline to reopen the Strait of Hormuz to Iran.Brent crude futures advanced as much as 1.69 per cent, or $1.86, to $111.63, an intraday high as of 9:57 am. The US West Texas Intermediate crude futures increased more than 3 per cent or $4.15 to $116.56.Brent crude has witnessed a gain of over 60 per cent since the conflict b…