Oil prices see largest-ever intraday drop after Trump hints at end of war with Iran

Brent crude futures witnessed its largest-ever intraday drop to closing price on Tuesday as prices fell around 10% to below $90/barrel after hitting an intraday high of $119.5/barrel. This comes after US President Donald Trump said the war with Iran is "very complete" and warned it over Strait of Hormuz. WTI fell to $85.02/barrel after peaking to $119.48/barrel.