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Oil Falls as Trump Remarks Ease Iran Fears

Oil prices declined on Friday after US President Donald Trump stated there would be no attack on Iran before next month. Productive talks aiming to end the war and reopen the Strait of Hormuz helped ease supply concerns across global markets.

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Birds fly over pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 20, 2026. REUTERS/Pavel Mikheyev

Brent Crude Oil fell 72 cents, or 0.7%, to $103.53 a barrel during Friday morning trading after United States President Donald Trump said the nation will not attack Iran before next month's elections.
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