WTI drops 4.61% to $86.64 as Trump signals de-escalation with Iran

WTI crude fell 4.61% to $86.64 per barrel after President Trump stated he does not seek to escalate conflict with Iran, citing midterm voter sentiment against war. This marks a reversal from prior hawkish rhetoric and reduces near-term supply disruption risk, though the durability of de-escalation remains uncertain.

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