Oil Prices Fall Below $100 After Trump's Iran Statements

Oil prices fell below $100 a barrel following Donald Trump's statements regarding a potential end to the war with Iran. Markets reacted positively, with gains in Wall Street and European stock exchanges.

U.S. crude oil recorded a 10.28% drop, closing at $88.13 a barrel, the lowest level since March 11. Brent fell by 10.9%, closing at $99.94 a barrel.

The S&P 500 index rose by 1.1%, while the Dow Jones Industrial Average finished the session up 631 points. In Europe, the Stoxx 600 index closed up 0.6%, and the German DAX index recorded a 1.2% increase.

Gold prices fell by more than 3%, while the U.S. dollar index moved 0.5% lower.