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The price of oil in the international market has decreased

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Kathmandu. The price of oil in the international market has fallen. Brent fell about 8.5% to $92.50 a barrel. U.S. oil prices also fell about 9% to $88.60 a barrel, according to international media.

International oil prices have fallen since US President Donald Trump said the war with Iran would end soon.

Trump spoke with Russian President Vladimir Putin about tensions in the Middle East and said that the war would end soon. But within a week, it was said that the war would not end.

Warning to Iran

U.S. President Donald Trump has threatened to take “severe” action if Iran disrupts oil shipments in the Strait of Hormuz. He gave this warning through Truth Social.

“If Iran disrupts the flow of oil into the Strait of Hormuz, the United States will strike Iran 20 times more powerfully,” Trump wrote.

According to the BBC, about 20 percent of the world’s oil is transported through this sea route. Due to the Israel-Iran war, the movement of the sea has been greatly reduced. Due to this, the price of oil has increased rapidly around the world.

“In addition, we will target targets of Iran that can be easily destroyed. This will make it almost impossible for Iran to rise up as a country again,” Trump said. But I hope and pray that doesn’t happen. ’

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