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Petroleum prices fall 10% in international market after Iran announced end to war

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. US PresidentTAG_OPEN_span_7 Donald Trump{ has announced an end to the war in Iran. Analysts at the international energy market said the price of crude and finished petroleum products fell below 10 percent. A few days ago, the price of crude oil reached one hundred US dollars per barrel.

President Donald Trump said he had “high-level talks” on ending the conflict in the Middle East and that “positive dialogue” was underway on finding a “full solution”.TAG_OPEN_p_12 He also announced a five-day halt to military attacks on Iran’s power facilities and power infrastructure.

Iran has denied Trump’TAG_OPEN_p_11 s claims. In a statement, Iran’s Foreign MinistryTAG_CLOSE_span_6 rejected Trump’s statement, saying there was no dialogue with the United States.

In an earlier post on Truth Social, Trump said the US and Iran had a “very good and positive conversation” over the past two days on the full resolution of the conflict in the Middle East.TAG_OPEN_p_10 “Given the direction and atmosphere of these constructive negotiations—which will continue throughout the week—I have directed the U.S. Department of DefenseTAG_OPEN_span_5 to suspend all military attacks on Iran’s power facilities and power infrastructure for five days,” he wrote. This decision will depend on the success of the meeting and discussion. ”

However, Iran’s Foreign Ministry has clarified again that there are no formal or informal talks with the United States.TAG_OPEN_p_9

The price of petroleum products in the global energy market has been falling for the time being, with speculation that tensions have eased somewhat following the US announcement.TAG_OPEN_p_8 Analysts say the progress of the talks over the next few days and statements from both sides will determine the direction of the oil market.

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