Trump says Iran war has essentially ended; international oil prices plunge from high levels

WealthCoffee · 2026-03-10T00:13:43+00:00

Trump announces that the Iran war is essentially over, and Iran has shown some flexibility on the Strait of Hormuz issue, leading to a significant drop in international oil prices. WTI crude oil futures fell to $85.08, and Brent crude oil futures dropped to $89.79.

WealthCoffee

2026-03-10 00:13:43

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Caixin: Trump says the Iran war is essentially over, and the Iranian Islamic Revolutionary Guard Corps has also shown some flexibility on the Strait of Hormuz issue, causing international oil prices to plunge from high levels.

On March 9, international oil prices approached $120 per barrel at their highest and nearly $80 per barrel at their lowest. That day, the main US WTI crude oil futures contract closed down 6.78% at $85.08 per barrel, with an intraday high of $119.48 and a low of $81.19; the UK Brent crude oil futures contract closed down 3.78% at $89.79 per barrel, with an intraday high of $119.50 and a low of $83.66. (See Caixin report “International oil prices break $100, WTI main contract surges nearly 20%”)

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