Global oil prices fell sharply on Thursday, with West Texas Intermediate (WTI) and Brent crude both dropping about 3%, following comments by U.S.
President Donald Trump on the situation in Iran. Trump indicated that he had been informed killings of protesters in Iran were subsiding and that there were no immediate plans for military action, which helped ease market fears of a major supply disruption in the oil market.
Brent crude prices slipped to around $64.5–$64.6 per barrel, while WTI crude fell to $60.1–$60.2 per barrel. Analysts highlighted that traders were reducing the geopolitical risk premium that had been built into oil prices due to escalating tensions between the U.S. and Iran over recent weeks.
In addition to geopolitical factors, larger-than-expected U.S. crude inventory builds added downward pressure on prices. While oil markets remain sensitive to Middle East tensions, the easing of fears temporarily stabilized trading and prompted a decline in crude prices globally.
Market watchers continue to monitor developments in Iran, U.S. foreign policy, and global oil supply-demand dynamics, noting that any sudden escalation could quickly reverse the recent price drop.
Global oil prices Thursday ko sharply gir gaye, West Texas Intermediate (WTI) aur Brent crude dono lagbhag 3% down hue. Ye drop U.S. President Donald
Trump ke comments ke baad aaya, jisme unhone bataya ki Iran mein protesters ke killings ab kam ho rahi hain aur koi immediate military action ka plan nahi hai. Isse market mein supply disruption ka risk kam lagne laga.
Brent crude ka price $64.5–$64.6 per barrel tak gir gaya aur WTI $60.1–$60.2 per barrel tak. Analysts ka kehna hai ki traders ne geopolitical risk premium ko reduce kar diya, jo tensions ke chalte oil prices mein include tha.
Geopolitical factors ke saath-saath, U.S. mein crude inventory zyada build hone ki news ne bhi prices pe downward pressure dala. Markets ab bhi Middle East tensions ke sensitive hain, lekin temporary easing se crude prices globally gir gaye.
Market watchers keh rahe hain ki Iran ya U.S. foreign policy mein sudden escalation se ye price drop jaldi reverse ho sakta hai, isliye developments pe nazar rakhi ja rahi hai.