%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Crude oil prices are hovering around $90 U.S. per barrel on March 10 amid a deescalation in the war between the U.S., Israel and Iran. Brent crude oil, the global benchmark, is down 7% to about $92 U.S. a barrel, while West Texas Intermediate (WTI) crude oil, the U.S. standard, is down 6% to $88 U.S. per barrel. The day before, oil surged as high as $120 U.S. a barrel, sending stocks into a tailspin. Oil prices are falling after U.S. President Donald Trump said the war in Iran will end soon, and as Group of Seven (G7) nations tap their crude oil stockpiles to help ease supply disruptions. Commodities analysts say that a joint release of 300 million to 400 million barrels, representing 25% to 30% of the 1.2 billion barrels that advanced economies hold in reserve, would help. Markets appear to be betting that the situation in the Middle East is unsustainable and cannot last much longer. Analysts had warned that $100 U.S. crude oil represented a make-or-break level for financial markets and economies around the world as it would likely lead to a dramatic rise in inflation.