Markets

Trump's remarks about pulling troops triggered a sell-off in crude oil, causing the energy risk

2026-04-01 15:32:41

Oil Prices Slide as Trump Signals US Exit From Iran

Oil prices took a hit after President Trump said the US would pull out of Iran within two to three weeks—deal or no deal. WTI crude fell below $98 a barrel, dropping 3.78% on the day. Brent crude slid 3.3%.

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Thomas Mathews of Capital Economics said hopes for de-escalation are giving markets a lift. But he cautioned that even if the war ends soon, the fallout could linger. "Both sides have signaled progress before, and many of those signals came to nothing," he noted.

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