Oil prices plunge as Trump signals Iran conflict resolution. Crude dropped from nearly $120 to $90 per barrel following the president's statement that the war would end very soon. European markets rallied strongly, with London's FTSE 100 rising 1.9%, Germany's Dax climbing 2.6%, and France's Cac 40 up 2.1%. Asian exchanges also recovered significantly, with Japan's Nikkei gaining 2.9% and South Korea's Kospi surging 5.4%. Gas prices fell over 10% as traders exhaled from Monday's tensions. However, energy markets remain volatile with geopolitical risks. The Strait of Hormuz, through which one-fifth of global oil passes, saw traffic halt since the conflict began. Experts warn prices will remain twitchy and vulnerable to escalation, while global oil inventories sit at five-year lows, creating ongoing market sensitivity.
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