Economy
Oil futures fall about two percent in morning trading
Brent futures fell 1.9% to $114.54 a barrel and U.S. oil futures dropped 2.1% to $101.06, according to the 07:38 morning trading snapshot. Trading took place amid tensions in the Gulf and Trump's comments on Iran. These are not live prices, and the decline is not an announcement of lower pump prices in Israel.
· Source: TheMarker. Ships in the Strait of Hormuz earlier this month, illustrative photograph: AFP.
According to TheMarker's 07:38 update, Brent futures fell 1.9% and U.S. oil futures dropped 2.1%, amid Gulf tensions and Trump's comments on Iran.
In the morning update, Brent futures traded at $114.54 a barrel and West Texas Intermediate futures at $101.06. The figures describe the trading snapshot published at 07:38, not live prices or closing prices.
The report links trading to tensions in the Gulf and the U.S. president's overnight Fox News interview, in which he raised a possible deal with Iran alongside a threat of action against it. This was not an announcement of a signed agreement or a new operation underway. A decline in oil futures does not by itself determine gasoline prices for Israeli consumers.
Source: TheMarker
