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Oil dives, settles down 11% after Trump predicts Middle East de-escalation

Oil dives, settles down 11% after Trump predicts Middle East de-escalation

Oil prices plunged by more than 11% on Tuesday, the steepest percentage drop of any session since 2022, a day after U.S. President Donald Trump predicted a quick end tothe war with Iranthat has disrupted global crude flows.