Global oil prices plunge, totally reversing an earlier brief spike that followed Iranian missile attacks on US targets in Iraq amid hopes the conflict will not escalate further
In this May 17, 2019, file photo, a car leaves a Shell station after getting gas in Sacramento, California.
Comments by Iranian officials and US President Donald Trump eased tensions substantially and pushed crude prices lower and lower in late European trading. Iran said it had "concluded" its missile attacks for now, and observers remarked that they had seemed carefully calibrated to avoid US casualties. Iranian Foreign Minister Mohammad Javad Zarif had tweeted earlier that the country does "not seek escalation or war."
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