Oil prices drop….
Trump slows his threats against Iran….
Any action on this is now up for debate within the American government….
Crude oil prices fell sharply Tuesday, reversing some of their major increases over recent days, after Reuters reported that Saudi Arabia will quickly restore output lost during attacks on its facilities over the weekend.
Why it matters: The report, if borne out, will ease fears of a prolonged outage from the strikes against a massive processing facility and oil field in OPEC’s largest producer and the world’s largest crude oil exporter.