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Oil prices fall as Trump pauses Hormuz escort effort
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- Oil prices fell on Wednesday after President Donald Trump said the U.S. would pause its naval escort effort in the Strait of Hormuz, raising hopes of a potential deal with Iran.
- Futures for international benchmark Brent crude for July delivery slid 1.21% to $108.54 per barrel Tuesday, while U.S.
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Oil prices fell on Wednesday after President Donald Trump said the U.S. would pause its naval escort effort in the Strait of Hormuz, raising hopes of a potential deal with Iran.
Futures for international benchmark Brent crude for July delivery slid 1.21% to $108.54 per barrel Tuesday, while U.S. West Texas Intermediate futures lost 1.76% to $100.5 per barrel.
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