Crude Oil Plunges with over 40% Intraday Swing, Trump Says War is Basically Over

BlockBeats News, March 10th, according to Bitget data, U.S. President Trump stated that the Iran war is basically over. Influenced by this news, crude oil experienced a short-term price drop of $14. During the Asian session, crude oil surged by up to 30%, reaching a high of $118 per barrel. However, after Trump hinted that the war had ended, the price of crude oil dropped to a low of $80.1 per barrel. The intraday price fluctuation exceeded 40%. Currently, it is trading at $88.32, with a 24-hour drop of 17.82%.