Oil prices fall over $2 after Trump pauses Strait opening for possible deal

Oil prices have dropped by over $2 following an announcement by Trump to pause the opening of the Strait, potentially paving the way for a deal. This move is expected to have significant implications for the global oil market and trade economics. The decision may lead to increased stability in oil prices, but its impact on the broader trade landscape remains to be seen. The development is part of the ongoing efforts by the US to navigate complex trade relationships and geopolitical tensions.