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Oil costs fell on Thursday (January 15, 2026) as US President Donald Trump’s feedback eased issues about instability in Iran.
West Texas Intermediate fell 3.0% to $60.16 a barrel and Brent crude fell 2.93% to $64.57 after Trump stated he had heard the killing of protesters in Iran had stopped.
In a shock announcement from the White Home, the US president added that he would “wait and see” the specter of navy motion.
“They are saying the killings will cease and there might be no executions. There have been alleged to be mass executions immediately, however no executions will happen. And we will determine it out,” he stated.
Trump has repeatedly spoken in latest days about coming to assistance from the Iranian folks over a crackdown on protests that human rights teams say has killed not less than 3,428 folks.
Oil costs rose about 1.5% on Wednesday (January 14, 2026) on issues that the scenario might restrict crude oil provides.
“Oil costs fell following U.S. President Donald Trump’s remarks that Iran would chorus from additional killings of protesters, easing issues a few looming provide shock in power markets,” stated Kyle Rodda of Capital.com.
Michael Wang, an analyst at monetary group MUFG, identified this week that Iran accounts for 3% of worldwide oil manufacturing.
Wang stated Thursday (January 15, 2026) that Trump’s newest feedback “come as the US redeploys some personnel in Qatar and different U.S. navy bases as a result of ongoing geopolitical tensions and threats from Iran that might goal these places.”
