Oil falls to lowest since August as Trump downplays Iran war

· Energy · United States · Iran

Oil prices fell to their lowest level since August, with Brent crude briefly dipping below $90 a barrel for the first time since then, after President Trump said the war on Iran is "effectively over" and that more US attacks are "highly unlikely." Secretary of State Marco Rubio told G7 allies in Paris that US sanctions and a naval blockade are working so well that major combat operations are not needed, and Iran's top security official said no talks with Washington are underway. Trump said Iran's military is effectively finished, citing the destruction of its navy and surging inflation. Analysts said there is still little chance of a lasting peace deal.

Why it matters：Lower oil prices ease global inflation pressure, while the standoff's outcome shapes energy markets and Middle East security.

Key points

  • Brent briefly fell below $90 a barrel.
  • Trump said further attacks are 'highly unlikely'.
  • Rubio said sanctions and the naval blockade are working.

Sources (original reporting)

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