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Oil prices plunged connected Thursday (January 15, 2026) aft fears implicit instability successful Iran were eased by comments from U.S. President Donald Trump.
West Texas Intermediate dropped 3.0% to $60.16 per tube portion Brent crude was down 2.93% to $64.57, aft Mr. Trump said helium had been told the killings of protesters successful Iran had been halted.
Also work | Iran protests updates: Trump says has been notified killings successful Iran person ‘stopped’
In a astonishment announcement astatine the White House, the U.S. President added that helium would "watch it and see" astir threatened subject action.
"They've said the sidesplitting has stopped and the executions won't instrumentality spot — determination were expected to beryllium a batch of executions contiguous and that the executions won't instrumentality spot — and we're going to find out," helium said.
Mr. Trump had repeatedly talked successful caller days astir coming to the assistance of the Iranian radical implicit a crackdown connected protests that rights groups accidental has near astatine slightest 3,428 radical dead.
Concern that the concern could restrict supplies of crude had caused lipid prices to emergence astir 1.5% connected Wednesday (January 14, 2026).
"Oil prices dropped... connected comments from U.S. President Donald Trump that Iran would refrain from immoderate further sidesplitting of protesters, watering down fears of a looming proviso daze successful vigor markets," said Kyle Rodda of Capital.com.
Iran makes up 3% of planetary lipid production, expert Michael Wan of fiscal radical MUFG noted this week.
Mr. Wan said connected Thursday (January 15, 2026) that Mr. Trump's latest comments "come adjacent arsenic the United States has redeployed immoderate unit successful Qatar and different American bases from ongoing geopolitical tensions and imaginable Iranian threats to people those locations".
