[Oil Prices] Brent crude falls below $90 intraday, closes at $91.49

[Financial News]  

International oil prices continued to fall on the 10th (local time).
The nearby Brent crude contract, a benchmark for about 80% of crude traded worldwide, briefly fell below $90 a barrel during the session.
The Brent crude contract for delivery in January next year closed at $91.49 a barrel, down 1.17% from the previous session.
The December contract for West Texas Intermediate crude oil (WTI), the U.S. oil benchmark, ended the session at $86.04 a barrel, down 0.93%.
Despite hard-line remarks from Iran’s security chief, markets remained hopeful that the Iran war would end.
Remarks made by U.S. President Donald Trump the previous day continued to fuel hopes for an end to the war.
Trump said the Iran war could end “quite early” and that Iran was “talking very politely with the United States.”
After meeting with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani at the White House the previous day, Trump told reporters, “We’re seeing momentum toward ending this conflict (the Iran war),” and said, “I think (the Iran war) will end quite early.” He went on to stress, “Iran’s military is practically finished.”
He also said on his social media platform Truth Social that Qatar, Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Kuwait “would prefer the status quo.” This meant he would stick to the existing strategy of maintaining a naval blockade against Iran while preventing various supplies, including advanced weapons, from entering the country by land.
By contrast, Mohsen Rezaee, secretary-general of Iran’s Supreme National Security Council (SNSC), retorted in an interview with the Lebanese satellite TV channel Al Mayadeen on the 10th that claims the United States and Iran were negotiating were lies.
Secretary-General Rezaee denounced the United States for floating deceptive reports of a resumption of talks in an effort to ease its domestic economic pressure and lower oil prices.
He claimed that the two countries were not currently negotiating; rather, Iran had set conditions and was waiting for a clear surrender or concessions from the United States.

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