Marco Rubio
This came shortly after U.S. Secretary of State Marco Rubio said Tuesday that the United States has achieved its goals in the military campaign against Iran and “does not wish to create new conflict situations.”
U.S. crude futures fell more than $2 on Wednesday morning following Trump’s statements, with the price of U.S. West Texas Intermediate crude falling to nearly $100 a barrel, according to ProInvesting .
“The signals being sent by the United States appear to be reassuring that they are not interested in renewed hostilities,” said Kyle Rodda, senior analyst at Capital.com.
However, he said, not all the news is good: oil remains blocked and the strait remains closed. “This suggests that upward pressure on oil inventories will continue, which could cause problems for markets again in the future.”
The euro was trading at $1.1714 and sterling at $1.35685, both up about 0.2 percent since the start of the day.
The Australian dollar was up nearly 0.4 percent in early trading to trade at $0.7208, while the New Zealand dollar rose 0.3 percent to $0.5905.
