From Clarín · Redacción Clarín · · 50s
Oil Prices Drop as US-Iran Talks Hope
US oil prices hit two-month low as Trump hints at peace talks.
In brief
US oil prices hit two-month low as Trump hints at peace talks. Oil prices fell sharply after Trump said he doesn't want to escalate the Iran conflict. Originally reported by Clarín.
Oil Prices Drop
Oil prices fell sharply this Monday as US and Iran peace talks were expected to end Middle East war.
Brent Oil Price
Brent crude dropped 4.9% to US$93.40 per barrel for January 2027 delivery.
WTI Price
Western Texas Intermediate fell 3.3% to US$87.49 per barrel for December delivery.
Trump's Comments
Trump said he doesn't want to escalate the conflict with Iran because voters don't like war or higher gas prices.
“No estoy buscando (escalar la guerra). No creo que haya ninguna razón (para hacer eso)”
Iranian Response
Iranian officials reported US attacks on Qeshm Island without damage to residential areas or critical infrastructure.
The takeaway
Oil prices fell sharply after Trump said he doesn't want to escalate the Iran conflict.
