⭕️ Oil prices extended their decline on Tuesday after US President Donald Trump supposedly played down the possibility of further military action against Iran, easing concerns over prolonged disruptions to West Asian oil supplies. Market concerns over a potential global supply surplus also weighed on prices. Brent crude futures fell $2.92, or 3.15%, to $89.65 per barrel by 13:34 GMT, while US West Texas Intermediate (WTI) dropped $2.33, or 2.68%, to $84.52. Following a 5.9% decline in the previous session, Brent fell below $90 per barrel for the first time since 31 August.