Global oil prices have fallen following recent remarks by US President Donald Trump, who said it was “very unlikely” that he would order new strikes against Iran if progress is made in negotiations.
Al Jazeera reported early Monday, November 9, that Trump’s remarks had affected early oil trading in Asian markets.
According to the report, Brent crude fell by more than half a percent to $97.67 per barrel, while US crude futures also declined to $90.51 per barrel.
Trump’s remarks about the low likelihood of ordering new strikes against Iran came as both sides reported attacks on vessels in the Strait of Hormuz in recent days.
However, Trump warned that if negotiations fail to make progress, he would target numerous sites in Iran, including infrastructure.
