Oil prices fall after Trump warns Iran over Strait of Hormuz

The oil price reached nearly $120 a barrel on Monday over fears of lengthy disruption to supplies.

Oil prices fell significantly after President Trump suggested the Middle East conflict could end soon, easing fears of prolonged disruptions to global oil supplies.

Oil prices plunged after President Trump predicted the Middle East conflict could be over 'soon', reversing a surge that had pushed Brent crude to its highest level in more than three years.

Oil prices dropped after President Trump indicated the Middle East conflict could end soon, leading to a rebound in Asian markets.

President Trump's conflicting statements about the Middle East conflict have led to volatility in oil markets, with prices initially surging and then falling sharply.

Oil prices tumbled as investors weighed President Trump's comments about the war with Iran and the risk to oil flows through the critical Strait of Hormuz.