Oil Prices Plunge Below $92 as Trump Signals Restraint on Iran

Crude oil prices dropped to less than $92 per barrel for Brent and $86 for WTI following reports citing President Trump as not planning to attack Iran “at this point”. 81 per barrel, after crashing by 7% on Monday, as reports emerged that the United States was open to letting Iran enrich uranium to almost 4% and Iran was, reportedly, going to accept the suggestion.

The reports have not been confirmed by official sources from either side. Meanwhile, however, the Houthis continue to target Saudi energy infrastructure, with the latest attack once again on the East-West pipeline. According to an official from the Saudi energy ministry, the attack caused a “limited fire”, which was extinguished.