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via livemint.comPolitics

Trump says US-Iran war is militarily over; oil tumbles

FROM THE WIRE · LIVEMINT.COM

US President Donald Trump said the Iran war was “effectively over” militarily but signalled that the US would maintain its economic blockade. His remarks eased concerns over renewed strikes, sending Brent crude prices down more than $7 a barrel in post-settlement trade.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishLower risk of renewed strikes sent Brent sharply lower, with major impact on the energy sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Trump said the Iran war was effectively over militarily.
  2. 02The US would maintain its economic blockade.
  3. 03Brent crude fell more than $7 a barrel in post-settlement trade.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity91.72 USD-0.02%today -0.92%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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