Oil prices recover after 11% drop, Iran reacts to Trump’s statements

Fuel Prices

​Crude oil prices continue to fluctuate wildly internationally, where prices have now recovered after falling 11% in a single day. Commenting on the market situation, Iranian officials have criticized former US President Donald Trump’s recent statements and termed them a systematic attempt to influence oil prices and the global stock market.

It should be noted that during the last trading session, crude oil prices in the global market saw a record drop of up to 11%, however, in the last few hours, Brent and WTI prices have increased by 3 and 3.5% respectively.

According to market analysts, political statements and the situation in the Middle East are affecting investor confidence, due to which prices are constantly unstable.

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