Oil prices plunge after Trump suggests Iran war could end soon

“If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far,” he said on Social media. In morning trade in Asia, Brent crude was 10% lower at $88.92 (£66.19) and Nymex Light Sweet was down 10.2% at $85.08. Oil had reached almost $120 a barrel earlier in the day over fears that the US-Israeli war with Iran would cause lengthy disruption to supplies from the Middle East, but fell back after Trump suggested that the war…