International oil prices keep falling! Hitting a new low in more than 2 months, the reasons behind it are exposed

International oil prices fell back to a two-month low on Tuesday (10th). (AFP)

[Financial Channel/Comprehensive Report] International oil prices fell to a two-month low on Tuesday (10th) as U.S. officials downplayed the need for further military action against Iran and reduced external concerns about possible further supply disruptions in the Middle East.

Oil prices once fell by more than $3 per barrel during early trading, but Iran's top security official Mohsen Rezaei said in an exclusive interview with the pro-Iran Lebanese media "Al-Mayadeen" that there are currently no negotiations between Tehran and Washington, and oil prices later recovered part of the decline.

Brent crude oil futures fell $1.08, or 1.2%, to close at $91.49 a barrel.

U.S. West Texas Intermediate (WTI) crude oil futures in New York fell 81 cents, or 0.9%, to close at $86.04 a barrel.

U.S. Secretary of State Marco Rubio said he has made it clear to his G7 allies that U.S. economic sanctions and naval blockades are working, so U.S. President Donald Trump does not need to launch large-scale combat operations against Iran.

Trump said on Monday (9th) that he planned to postpone launching a new round of military strikes against Iran after being persuaded by Middle East countries, including the Prime Minister of Qatar, who made an appeal during the White House talks.

Tim Waterer, chief market analyst at KCM Trade, said: "Since the midterm elections, the market has continued to prioritize signals that President Trump is softening his attitude toward Iran."