US EditionOil Slides over 3% After Trump Comments Ease Iran Fears
Oil prices fell over 3% after President Trump said killings of Iranian protesters stopped, easing fears of supply disruption from a country producing 3% of global oil.
- On January 15, 2026, oil prices fell more than three per cent after U.S. President Donald Trump said killings of demonstrators in Iran were stopping, prompting a market reaction.
- Rights groups reported a crackdown left at least 3,428 dead amid protests in Iran, whose 3% share of global oil production heightened supply concerns noted by analyst Michael Wan.
- Price records indicate West Texas Intermediate dropped 3.0% to $60.16 per barrel, while Brent futures fell 2.93% to $64.57 after rising above $66.50 on Wednesday.
- Analysts noted U.S. personnel, redeployed from bases including Qatar, and rising U.S. crude and gasoline inventories reported by the Energy Information Administration last week eased near-term price risks.
- Analysts observed that Kyle Rodda of Capital.com said fears of a supply shock eased sell-off, John Evans of PVM noted a mood shift to oversupply, and OPEC forecast steady demand into 2027.
16 Articles
16 Articles
Oil prices fell sharply on Thursday after comments from US President Donald Trump helped ease concerns about instability in Iran.
Oil prices fell by more than 3% on Thursday after US President Donald Trump said that the "killings" in Iran "have come to an end" and put an end to US military intervention.
Oil plunges after Trump comments ease Iran fears
LONDON: Oil prices tumbled more than 3% on Thursday after U.S. President Donald Trump said that killings of demonstrators during protests in Iran were ending, easing concerns over military action against Iran and potential oil supply disruptions. Brent futures were down $2.19, or 3.3%, at $64.33 a barrel by 1221 GMT. U.S. West Texas Intermediate crude retreated by $2.06, or 3.3%, to $59.96, having earlier lost as much as 4.6%. U.S. President Don…
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