Oil prices have fallen following remarks from a former U.S. president dismissing reports of imminent military action against Iran ahead of upcoming elections. The comments came as tensions in the region had previously fueled concerns over potential disruptions to global oil supplies. Markets reacted swiftly to the denial, reflecting investor relief over the easing of geopolitical risks. Traders will now be watching for further developments as political and economic factors continue to influence energy markets.
Oil prices drop as Trump dismisses speculation of pre-midterm military action against Iran.
