Oil prices drop 3% after Trump comments on Iran

Hong Kong (AFP) Jan 15, 2026
Oil prices plunged on Thursday after fears over instability in Iran were eased by comments from US President Donald Trump. West Texas Intermediate dropped 3.0 percent to $60.16 per barrel while Brent crude was down 2.93 percent to $64.57, after Trump said he had been told the killings of protesters in Iran had been halted. In a surprise announcement at the White House, the US president a