Trump says the US-Iran war has basically ended; international oil prices plunge from high levels

WealthCoffee · 2026-03-10T00:17:27+00:00

Trump stated that the US-Iran war could end, and Iran has shown some relaxation on the Hormuz Strait issue. This led to a sharp decline in international oil prices, with WTI crude oil futures falling by 6.78% and Brent crude oil futures dropping by 3.78%.

WealthCoffee

2026-03-10 00:17:27

Abstract generation in progress

[Caixin] Trump reveals that the US-Iran war may be coming to an end, and Iran’s Islamic Revolutionary Guard Corps has shown some flexibility on the blockade of the Strait of Hormuz, causing international oil prices to plunge from high levels.

On March 9, US WTI crude oil futures main contract fell by 6.78% to $85.08 per barrel, with the highest reaching $119.48 and the lowest $81.19 during the trading session; UK Brent crude oil futures main contract fell by 3.78% to $89.79 per barrel, with the highest reaching $119.5 and the lowest $83.66. (See Caixin report “International oil prices break $100, WTI main contract surges nearly 20%”)

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