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🔈Oil prices sink 13% as Trump predicts Middle East de-escalation 🛢
Oil prices plunged over 13% on Tuesday after soaring to their highest levels since 2022 in the previous session after U.S. President Donald Trump predicted the war with Irancould end soon, lowering expectations of prolonged oil supply disruptions.
Brent futures fell $12.46, or 12.6%, to $86.50 a barrel at 12:58 p.m. EDT (1658 GMT), while U.S. West Texas Intermediate (WTI) crude fell $12.24, or 12.9%, to $82.53.
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