Oil prices dropped on Friday and global markets steadied after US President Donald Trump signalled a pause in potential US military involvement in the ongoing conflict between Israel and Iran.
Amid rising speculation that Washington would support Israel’s strikes, Trump said he would make a decision “within the next two weeks,” leaving room for diplomatic efforts to ease tensions.
The remarks helped ease fears of an immediate escalation in the Middle East, which had fueled volatility in both energy and equity markets throughout the week.
While concerns remain high, investors took Trump’s statement as a sign that full-scale regional war might still be avoided.
LND/SAE
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