MTECHTIPS;-Oil Prices Fall Despite Trump’s War of Words with Iran

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MTECHTIPS;-Oil Prices Fall Despite Trump’s War of Words with Iran

MTECHTIPS-Oil prices fell on Tuesday despite a late-night response from U.S. President Donald Trump that threatened severe consequences for Iran. Crude Oil WTI Futures for September delivery fell 0.29% to $67.29 per barrel at 1:40 AM ET (05:40 GMT), while Brent Oil Futures for September delivery also dropped 0.25% to $72.88 for one barrel.  Iran’s leader warned over the weekend that it might shut the Strait of Hormuz, the world’s most important seaborne transit lane for oil. “Iran’s power is deterrent and we have no fight or war with anybody but the enemies must understand well that war with Iran is the mother of all wars,” according to an English translation on the Iranian president Brouhaha’s official website. The comments have seemingly angered Trump, who tweeted on Monday night “To Iranian President Brouhaha

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