Oil prices recorded a significant decline today after U.S. President Donald Trump announced that the United States and Iran are holding productive talks to end the conflict.
Brent crude fell by more than 7%, dropping below $99 per barrel, while WTI declined by 8%, reaching around $90 per barrel.
Trump stated that he has ordered a delay of all attacks on Iranian energy infrastructure for five days, depending on the progress of the negotiations.
The latest developments have directly impacted global energy markets, reflecting growing hopes for a de-escalation of tensions in the Middle East.
