Oil Drops More Than 3% After State Secretary Pompeo Says Iran Is Ready To Negotiate About Its Missile Program -
"Oil prices turned lower on Tuesday, falling by about $2 a barrel as U.S. President Donald Trump said progress has been made with Iran, signaling tensions could ease in the Mideast."
Why this is important: The price of oil is extremely sensitive to geopolitical disputes that have the ability to affect supply. Prices of oil decreased in the short-term on news that the Trump administration was engaging Iran to settle disputes....
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