- Oil prices, specifically Brent Crude, dropped to $72.24, falling below pre-war levels recorded on 28 February.
- The decline followed a threat from Donald Trump to abandon negotiations with Iran if it attempted to impose tolls on shipping through the Strait of Hormuz.
- Trump stated that Iran had informed the US there were 'NO TOLLS, NO INSURANCE COSTS, & NO OTHER CHARGES' being sought for vessels in the Strait.
- He warned that if this information proved to be false, negotiations with Iran would cease immediately.
- Separately, Iran's deputy foreign minister clarified that access to Iranian nuclear sites for inspections would only be addressed within a final agreement, and after sanctions are lifted, contradicting US indications.
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