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Oil Prices Plunge 3% as Trump Plays Down Prospect of War With Iran
Market Intelligence Analysis
AI-Powered
Why This Matters
Oil prices plummeted 3% after US President Trump downplayed the prospect of war with Iran, reversing earlier gains driven by geopolitical risk.
Market Impact
Market impact analysis based on bullish sentiment with 85% confidence.
Sentiment
Bullish
AI Confidence
85%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Oil prices fell sharply in early Asian trade on Thursday, with both major crude benchmarks retreating by around 3 percent as markets reacted to comments from U.S. President Donald Trump that appeared to lessen the likelihood of an imminent U.S. military strike on Iran. At the time of writing, WTI crude was down $1.86, or 3.00 percent, at $60.16 per barrel, while Brent crude stood at $64.57, down $1.95, or 2.93 percent on the day. This drop in prices represents a significant reversal from earlier in the week when geopolitical risk sent prices climbing…
Original article published by
OilPrice.com
on January 15, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.