Oil Prices Decline as Trump Eases Military Action Concerns on Iran

Oil prices declined sharply after U.S. President Donald Trump eased concerns over potential military action against Iran, stating he was told the killings of protesters had stopped. Brent crude fell over 4 percent, and U.S. West Texas Intermediate dropped similarly. The easing of geopolitical tensions reduced the risk premium on oil, while U.S. inventory rises and resumed Venezuelan exports also influenced markets. Asian shares and tech stocks saw mixed reactions amid these developments.