Crude Oil Prices Fall 13 Percent In Global Markets After Trump’s New Statement Global crude oil prices have fallen 13 percent after US President Donald Trump’s latest statement. Trump said on Monday that talks were underway with Iran and that he would not attack Iran for five days.
In a post on TruthSocial in all caps, he said, “I am pleased to report that the United States and Iran have had very good and productive talks over the past two days regarding a complete and comprehensive resolution of our hostilities in the Middle East.”
He added, “Based on the intent and tone of these intensive, detailed, and constructive conversations, which will continue throughout the week, I have directed the War Department to suspend any and all military strikes against Iranian energy facilities and infrastructure for a period of five days, contingent upon the success of the ongoing meetings and discussions. Thank you for your attention on this matter! President Donald J. Trump.”
Similarly, the price of gas has also dropped from 159 pence per therm to 139 pence, according to the BBC.