Oil prices fall more than two percent as Trump comments on Iran ease supply fears
Crude oil futures fell sharply after remarks by the American president reduced concerns over Middle East escalation. This was supported by rising inventories.
Insights:
Oil prices declined more than 2% in early Asian trading on January 15, 2026, as geopolitical tensions appeared to ease. Brent Crude Oil futures fell $1.67, or 2.5%, to $64.85 per barrel, while West Texas Intermediate Crude Oil slipped $1.54, or 2.5%, to $60.48 per barrel. Both benchmarks had settled more than 1% higher on Wednesday before turning lower following comments from Donald Trump donald trump.
The price drop was primarily triggered by statements from Donald Trumpconcerning the internal situation in Iran 
IR. On Wednesday afternoon, he stated that he had been informed that killings during the crackdown on nationwide protests in Iranwere subsiding and that there appeared to be no plan for large-scale executions. These remarks helped reduce market anxiety regarding potential military action by the US 
USagainst Iran, which had previously added a risk premium to global energy prices due to fears of supply disruptions.
IR. On Wednesday afternoon, he stated that he had been informed that killings during the crackdown on nationwide protests in Iranwere subsiding and that there appeared to be no plan for large-scale executions. These remarks helped reduce market anxiety regarding potential military action by the US USagainst Iran, which had previously added a risk premium to global energy prices due to fears of supply disruptions.
