Brent falls 5.8% after Trump’s statements on possible attacks on Iran
The price of Brent crude oil for January delivery fell 5.8% this Monday, to $92.57 per barrel, in the London futures market, after United States President Donald Trump considered it “highly unlikely” that further attacks against Iran would occur if negotiations to end the conflict move forward.
North Sea Brent crude, used as a benchmark in Europe, recorded a decrease of 5.75 dollars compared to last Friday’s close, when it ended the session at 98.32 dollars.
Brent crude oil and negotiations
The fall in Brent crude oil occurred following Trump’s statements regarding the possibility of avoiding new attacks against Iran through progress in diplomatic talks.
The U.S. president conditioned that possibility on the progress of negotiations aimed at ending the conflict.
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