Trump Hints at Peace Deal with Iran, Oil Prices Fall

New York. Following US President Donald Trump's indication of a potential peace deal to end the war with Iran, crude oil prices in the global market have fallen for the second consecutive day.

Oil prices declined on Wednesday amid expectations that oil supply from the Middle East will resume. On Wednesday, the price of Brent crude for July fell by $1.52, or 1.38 percent, to $108.35 per barrel.