Oil prices have slipped from multi-year highs earlier this morning after US President Donald Trump stated that The US could withdraw completely from the conflict within the next two to three weeks, going even further to say that Iran doesn't have to make a deal.
Trump is even considering ending the conflict even if the Strait of Hormuz remains closed, after slamming both The UK and European partners in a tweet telling these countries to sort out their own Oil. Off the back of this we've seen the Dollar lose some momentum against both Euro & GBP, but markets are still cautious due to the potential global trade supply of oil if the Strait of Hormuz was to remain closed.
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