Oil prices falls as Trump says Iran let 10 tankers through Hormuz as a 'present'

What: Oil prices fell after Donald Trump said Iran allowed 10 oil tankers to pass through the Strait of Hormuz.
Why: The news was seen as a positive sign for global oil supplies, reducing concerns about potential disruptions.
Signal: The decline in oil prices is a signal that the market is optimistic about the situation in the Middle East.
Target: Oil prices are now targeting a range of $**60**-$**70** per barrel, down from recent highs.
Risk: However, the situation remains volatile, and any signs of escalation could lead to a sharp increase in oil prices.