Oil prices ease as Trump escalates rhetoric against Iran over Hormuz
Published On 10 Mar, 2026
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Global oil prices have fallen in early trading in Asia on Tuesday - they had soared to almost $120 a barrel at one point on Monday
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The drop comes as Donald Trump says the Iran war will be over "pretty quickly" - but the US has not "won enough" yet
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The US president is also threatening Tehran with "death, fire, and fury" if it disrupts shipping in the Strait of Hormuz
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Earlier, Trump suggested US operations against Iran could end soon, saying "I think the war is very complete, pretty much"
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In Australia, five members of the Iranian women's football team have been granted humanitarian visas after their elimination in the Asian Cup
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UK Defence Secretary John Healey says a drone that hit a British base in Cyprus last week came from either Lebanon or Iraq
