<div id="readability-page-1">Oil prices fell sharply after President Donald Trump said the United States would end the Iran war “very quickly,” but analysts still warned that the market faces a real supply crunch as disruptions in and around the Strait of Hormuz continue. Reuters reported that Brent dropped 2.4% to $108.58 a barrel and U.S. crude fell 2.2% to $101.85, even as tanker traffic remained far below prewar levels and producers warned that flows may take months to...</div>

<p>Oil prices fell sharply after President Trump's comments about quickly ending the Iran war, with Brent dropping 2.4% to $108.58 and U.S. crude down 2.2% to $101.85. Analysts caution that the market is facing a supply crunch due to ongoing disruptions in the Strait of Hormuz, despite reduced tanker traffic.</p>

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Oil prices slump after Trump comments while analysts point to supply crunch