Oil Prices Plunge Below $92 as Trump Signals Restraint on Iran

Crude oil prices dropped to less than $92 per barrel for Brent and $86 for WTI following reports citing President Trump as not planning to attack Iran “at this point”. At the time of writing, Brent crude was trading at $91.61 per barrel, and West Texas Intermediate was at $85.81 per barrel, after crashing by 7% on Monday, as reports emerged that the United States was open to letting Iran enrich uranium to almost 4% and Iran was, reportedly, going to accept the suggestion. The reports have not been confirmed by official sources from…