Trump Seems To Tone Down Iran Rhetoric, Says 'Violence Has Ended' - Oil Prices Drop

President Trump's Response Influences Oil Markets

According to recent updates, President Trump appears to be heeding advice from non-interventionist members of his administration. On Thursday afternoon, he stated that he had received information indicating a halt to the violence in Iran, with no executions planned.

This announcement had an immediate impact on oil prices:

• WTI crude prices dropped sharply, falling from $62.30 to a low of $59.80 per barrel within seven minutes.
• Brent crude also declined, moving from $66.80 to $64.20 during the same period.

Trump's remarks about Iran's intentions significantly lowered the likelihood of a U.S. military strike, especially a direct military engagement. Earlier in the day, speculation about a possible attack had been mounting due to various reports.