Oil prices drop as Middle East tensions ease after Trump remarks

Brent crude fell below $95 per barrel and WTI dropped to $91.9 as Middle East tensions eased following President Trump’s statements on Lebanon. Trump said “all shooting” between Israel and Hezbollah would be halted, and no troops would go to Beirut.
Energy prices declined on Monday as geopolitical tensions in the Middle East showed signs of easing following statements by US President Donald Trump regarding Lebanon. Brent futures, which had exceeded $97 per barrel, fell below $95, while West Texas Intermediate dropped to $91.9 as of 1820GMT.
Trump’s Lebanon remarks
Trump said he would ask Israeli Prime Minister Benjamin Netanyahu “what’s going on with Lebanon” and declared that “all shooting” between Israel and Hezbollah would be halted after a series of phone calls involving both sides. “There will be no Troops going to Beirut, and any Troops that are on their way, have already been turned back,” Trump stated. Meanwhile, Iran’s IRGC intelligence organisation warned that Tehran views any crossing of red lines in Lebanon and Gaza as a direct war and an attempt to impose costs on Iran’s national security.
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