The President of the United States, Donald Trump, made an optimistic statement regarding the fight against rising oil prices, which occurred due to the war between America and Israel and the Islamic Republic of Iran.
The American leader mentioned this in an interview with the tabloid New York Post. One of the main consequences of the war between the United States and Israel with Iran is the spike in energy resource prices.
On March 9, Trump said regarding oil prices: "I have a plan for everything. You will be very satisfied." The President did not provide any additional details.
Later, Trump stated that the war in Iran is "almost over," which the market apparently interpreted as the U.S. President's intention to soon end the hostilities.
As a result, oil prices began to fall. At 4:30 AM Latvian time, the global benchmark Brent crude was trading at $119.5 per barrel, and after this price spike, it fell to above $100.
By the evening of March 9, Brent futures had dropped to $83.66 but then stabilized at $92.57 per barrel.
Thus, the price range for a single day on March 9 was from $83.66 to $119.50, according to data from Reuters.
A day before the war began, Brent futures were trading at $72.48.
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