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  • 8 months ago
Middle East: Oil prices drops as Trump signals Iran conflict near end

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00:00Oil prices, which had surged to nearly $120 a barrel after Moshtabah Khomeini was named Iran's new supreme leader,
00:08fell back to around $93 after Trump hinted the conflict with Iran could end very soon.
00:14Trump also said his administration may temporarily lift some sanctions on oil-producing countries
00:21to help keep energy prices in check, though he gave no details.
00:25Iran's Foreign Minister Abbas Arachi said negotiations with the United States are no longer on the agenda
00:32after what he called a bitter experience in previous talks.
00:36Meanwhile, strikes continue across the region.
00:39An oil refinery in Tehran was hit as Israel targeted sites in central Iran in Beirut.
00:45Other energy infrastructures across the Gulf were also hit with the United Arab Emirates, Bahrain and Saudi Arabia
00:52reporting missiles and drones from Iran.
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