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Trump Signals Ceasefire, Global Oil Prices Plummet

Mar 10, 2026

Trump indicated the Iran conflict is effectively over, causing crude prices to drop sharply from nearly $120/barrel. WTI futures closed down 6.78% at $85.08, while Brent fell 3.78% to $89.79 on March 9.

Trump Signals Ceasefire, Global Oil Prices Plummet

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