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Oil Prices Plummet as Trump Suggests Limited Duration for Iran Military Operations

Guavy AI Editorial Team Published September 3, 2026

Instruments

Oil

Oil prices declined on Thursday after President Donald Trump indicated that US military operations against Iran would be limited in duration.

The Brent crude futures price fell by 1.5% to settle at $94.22 per barrel, while West Texas Intermediate dropped 1.4% to close at $89.78 per barrel.

The recent surge in oil prices was driven by concerns that escalating US-Iran tensions could disrupt oil supply routes from the Middle East.

However, Trump's comments on Thursday helped alleviate immediate concerns about prolonged supply disruptions.

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