Oil prices fall on renewed hopes for an end to Iran war
US President Donald Trump, who will meet with Qatar’s prime minister today, downplayed the prospect of a return to conflict. Oil prices fell on renewed signs of diplomacy to end the Iran war, though dissent from Washington dampened outright optimism. US President Donald Trump, who will meet with Qatar’s prime minister today, downplayed the prospect of a return to conflict, while a flurry of meetings between Chinese and Gulf leaders has also offered grounds for hope. Yet, Trump’s secretary of state has labeled some of Iran’s demands “ outrageous and ridiculous,” and renewed attacks on ships near the Strait of Hormuz underlined threats to oil supplies. The risk is heightened following midterm elections that leave Trump’s domestic power curtailed, meaning he may be more active abroad, a leading political scientist argued: “ We are at a moment of heightened peril.”
US President Donald Trump, who will meet with Qatar’s prime minister today, downplayed the prospect of a return to conflict. Oil prices fell on renewed signs of diplomacy to end the Iran war, though dissent from Washington dampened outright optimism. US President Donald Trump, who will meet with Qatar’s prime minister today, downplayed the prospect of a return to conflict, while a flurry of meetings between Chinese and Gulf leaders has also offered grounds for hope. Yet, Trump’s secretary of state has labeled some of Iran’s demands “ outrageous and ridiculous,” and renewed attacks on ships near the Strait of Hormuz underlined threats to oil supplies.
The risk is heightened following midterm elections that leave Trump’s domestic power curtailed, meaning he may be more active abroad, a leading political scientist argued: “ We are at a moment of heightened peril.”