Oil and gas prices fall after Trump says Iran war could end soon
Energy prices moved lower on Wednesday after Donald Trump said the conflict involving Iran could end “very shortly,” raising expectations that tensions may ease.
Brent crude futures traded at $108 per barrel as of 10:50 GMT, down about 2.8%, while West Texas Intermediate (WTI) fell 2.7% to $101.3 per barrel. European natural gas also declined, with benchmark Dutch TTF futures falling 1.7% to below €51 ($59) per megawatt-hour. Heating oil prices dropped 3.2% to around $4.
Markets react to diplomatic signals
Trump said negotiations with Iran were ongoing and indicated that developments would become clearer soon regarding whether an agreement could be reached.
“We're going to end that war very quickly. They want to make a deal so badly. They're tired of this,” Trump said at the White House.
Investors watching geopolitical developments
Energy markets have remained highly sensitive to developments in the Middle East, with traders closely monitoring negotiations and the potential impact on global oil supply routes and broader market stability.
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