Oil tanker Atlas sails the Scheldt River near Hansweert, Netherlands
Crude oil prices have dropped to the lowest level since late August. Photograph: Olivier Hoslet/EPA
Crude oil prices have dropped to the lowest level since late August. Photograph: Olivier Hoslet/EPA
Oil prices fall to lowest since August as Trump says Iran war is ‘effectively over’

Brent crude drops below $90 and markets climb after president downplays prospect of further strikes

Oil prices have fallen to the lowest level since late August while stock markets climbed higher, as markets reacted with relief to Donald Trump saying that the war on Iran is “effectively over”.