Oil prices fell 10% after U.S. President Donald Trump warned that Iran would be hit "twenty times harder" if it attempted to halt oil flows through the Strait of Hormuz, while also signalling that the conflict with Iran could end soon. International Brent crude was down nearly 11% at $88.36 per barrel. U.N. crude oil fell more than 10% to $85.17 per barrel, following a surge in oil prices that surpassed $100 on Monday. The market is still uncertain about the impact of the disruption, with analysts suggesting that for decades, traders had assumed no country would be allowed to shut the Strait, a crucial oil chokepoint.