"Positive impulse" for end of war makes oil prices drop

Oil prices fell over 1% following President Trump's statement that the military conflict with Iran is nearly over. As of 6 AM Lisbon time, Brent crude was priced at $91.45 per barrel, continuing a decline from the previous day. Trump emphasized a positive momentum towards ending the conflict after meeting with Qatar's Prime Minister, asserting that Iran's military capabilities are significantly diminished. He also mentioned the need for a long-term solution to neutralize Iran's nuclear program. Despite the easing tensions, Trump confirmed the continuation of a naval blockade in the Strait of Hormuz, supported by U.S. allies in the region, and reiterated that Iran must not acquire nuclear weapons.