Oil price decline slows after Trump's new threat to Iran (eco.sapo.pt)

• Oil fell over 4% on truce, then partly recovered after Trump threat
• Brent at $91.38, WTI at $88.27 after ~3% declines
• Galp shares led Lisbon losses; PSI fell 0.32%
• US secretary: Oil flow in Strait of Hormuz increasing, normalization months away

"Oil prices initially fell over 4% after Iran and Israel suspended attacks at Trump's request, then slowed after Trump threatened retaliation for Iran shooting down a US Apache helicopter in the Strait of Hormuz. Brent crude fell 2.89% to $91.38, WTI 3.32% to $88.27. Galp shares led losses in Lisbon. US Energy Secretary Wright said oil flow through the Strait is increasing significantly but full normalization will take months."