A pause in fighting between Israel and Iran-backed Hezbollah in Lebanon, and President Donald Trump's statement that the US and Iran are "very close" to making a deal to end the weeks-old Middle East war has sent oil prices down on Friday.
Brent crude oil price decreased by more than 3 percent to $96.22 a barrel, while the US-traded WTI fell by more than 4 percent to $90.84.
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Political News
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.