WTI drops 2.82% to $84.40 as Trump declares Iran war nearly over

WTI crude fell 2.82% to $84.40 per barrel after President Trump stated the war with Iran is 'practically over'. The price drop reflects reduced geopolitical risk premium, though the declaration is unverified and the situation remains fluid. This signals a potential easing of supply disruption fears, but uncertainty persists regarding the actual status of hostilities.

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