Oil dives $20 to below $90/bbl in record intraday reversal as Trump signals possible end to war

Crude oil prices plummeted over $20 from intraday highs, falling below $90 a barrel following U.S. President Trump's remarks suggesting a swift end to the Iran conflict. This sharp decline followed earlier surges past $100. Meanwhile, Gulf producers are trimming output amid regional shipping disruptions, raising concerns for India's import bill and inflation.