Trump announces lifting of sanctions on oil producers amid US-Israel war with Iran.

Crude oil prices plummeted below $90 a barrel after surging close to $120 in a 24-hour period following US President Donald Trump’s announcement of lifting some sanctions on oil-producing countries to stabilize energy prices amid tensions with Iran. Trump’s comments led to a drop in prices, with Brent crude around $84 a barrel. Global energy markets have been volatile since US-Israel joint strikes on Iran, causing disruptions in oil supplies and threats of further price increases.

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