Oil prices swing as Trump comments and Iran tensions affect markets

Oil prices fell sharply after President Donald Trump made comments suggesting possible sanctions relief related to Iran. This drop followed a period where oil prices had risen due to tensions and fears of a wider conflict involving Iran, which had also disrupted natural gas supplies to some countries.

Financial firms like Citadel and ExodusPoint reportedly faced losses from the market turmoil caused by these price swings. The price changes have also created political concerns in the U.S., highlighting a gap between American and Israeli approaches to the Iran situation.