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The United States and Iran successively issued signals of peace talks, causing Brent and WTI crude oil to fall by more than 7% on Monday. Fears of war cooled the markets, but analysts still warned that the situation could reverse again.
internationaloil price The stock price fell more than 7% on Monday (2nd), the biggest one-day decline in more than three months, as the United States andiran He has consistently issued signals that he is willing to begin peace talks. Iran’s president says supreme leader has given government more powers to pursue peace talks; us Presidenttrump It also indicated that progress had been made in talks, raising market hopes that the war could be ending.
Brent crude oil futures for January closed down by US$8.66 or 7.63% on the 2nd, with the settlement price at US$104.77 per barrel, falling to US$103.28 during the session.
West Texas Intermediate (WTI) December futures fell $7.66, or 7.36%, to $96.46 a barrel after hitting an intraday low of $95.15.
Iranian President Perezkian said on Monday that the supreme leader had given the government more powers to pursue peace talks.
The talks indicated a possible breakthrough in diplomatic mediation. As the outside world becomes increasingly concerned that the United States and Israel may launch another attack on Iran, this statement also brings a ray of hope to the situation.
“We are trying to solve the problem through dialogue, and the Supreme Leader has also given the government some powers in this regard,” Iran’s state-run Islamic Republic News Agency (IRNA) quoted Pejskian as saying on Monday.
However, the Iranian president did not specify the extent of the new authority given to the government by Supreme Leader Mujtaba, nor did he disclose whether it meant Iran would make more significant adjustments to the original negotiating bottom line when conducting indirect talks with the United States.
Despite this, investors still interpreted the comments as a positive sign, believing that Tehran and Washington are expected to avoid a new round of military conflict through diplomatic channels.
Iranian negotiators and Qatari mediators have been talking for several days. Qatari mediators traveled to Tehran on Monday night for talks with Iranian Foreign Minister Araqchi on a potential US-Iran deal.
Trump later Monday said the United States was open to negotiations and suggested both sides had made progress.
“They want to make a deal and that’s possible,” he told reporters in Washington in his final remarks before the midterm elections. He said oil prices fell because “it looks like things are going in a very good direction” and “everybody knows about it.”
Minutes later, when a reporter asked aloud whether Trump would resume military strikes against Iran after Tuesday’s midterm elections, Trump said, “No.”
Trump has repeatedly said that the Iran conflict must be resolved no matter what, and sometimes threatened to resume military strikes after the US midterm elections. Throughout the war, Trump repeatedly threatened to launch a new round of attacks or escalate military operations, while also consistently claiming that diplomatic talks had made progress, but never achieving any significant breakthroughs.
