Oil Falls Below $100 after Trump’s Comments on U.S.-Iran Talks

Oil Falls Below $100 after Trump’s Comments on U.S.-Iran Talks

Oil prices fell back below the key 100 dollars per barrel mark after U.S. President Donald Trump said Iran was willing to negotiate, easing market concerns over supply disruptions.

Brent crude for May delivery slipped just under 100 dollars a barrel following Trump’s remarks, dropping around 4 prt cent within minutes.

Prices had surged in recent weeks in the ongoing conflict with Iran, briefly approaching 120 dollars a barrel. Before the conflict began, Brent had traded between 60 dollars and 70 dollars for several months.

The rise in oil prices has pushed up the cost of fuels such as petrol, diesel, and heating oil.

Trump told reporters that Iran was open to talks. “We’re actually talking to the right people, and they want to make a deal so badly, you have no idea how badly they want to make a deal,” he said.

Iran had previously denied any willingness to negotiate, and there was no immediate official response from Tehran to Trump’s latest comments. Prices of Petrol, Diesel, LPG Will Continue to Fall– NMDPRA

U.S. proposes 15-point plan to end Iran war – Reports

The United States has presented a 15-point plan to end the war with Iran, media reports said on Tuesday, with Pakistan acting as an intermediary to deliver the proposal to Tehran.

According to Israeli broadcaster N12, the draft includes commitments from Iran not to pursue nuclear weapons and to hand over its stockpile of enriched uranium to the International Atomic Energy Agency (IAEA).

U.S. news outlet Axios, citing a source with knowledge of the matter, reported that U.S. special envoy Steve Witkoff told President Donald Trump that Iran had agreed on several key points, including giving up its stockpile of highly enriched uranium.

However, it remained unclear how Tehran would formally respond to the proposal, the New York Times reported. Israel’s reaction, another party to the conflict, was also uncertain.

Trump has repeatedly said that Iran is eager to reach an agreement. “We’re actually talking to the right people, and they want to make a deal so badly, you have no idea how badly they want to make a deal,” he said.

U.S. Secretary of State Marco Rubio and Vice President JD Vance are also involved in the negotiations, Trump said. # U.S. proposes 15-point plan to end Iran war – Reports