Brent crude futures settled below the USD 100 mark on Tuesday for the first time since 8 September. Brent crude futures fell 7 cents, or 0.07 per cent, to USD 99.18 a barrel, while West Texas Intermediate futures fell 35 cents, or 0.39 per cent to USD 90.17 per barrel on Wednesday, as per reports.
Saudi Arabia restarted operations on its East-West Pipeline to the Red Sea, as per reports.
US President Donald Trump warned on Tuesday that he could “annihilate” Iran. However, he also said his envoys Steve Witkoff and Jared Kushner had held productive ​talks with mediators of Iran to end the war.
