Oil prices drop as investors react to President Donald Trump’s pledge to launch fresh economic pressure on Iran. Both major crude benchmarks fall about 2.3%, with Brent trading near $92 a barrel, according to market reports.
Traders appear to be waiting for more details of the campaign and monitor broader factors that can affect energy demand and risk sentiment. In addition to the Iran-related news, investors also track other market developments, including corporate earnings such as Nvidia’s, alongside scheduled events such as the Jackson Hole meeting.
