Brent fell by 3.2 percent to 89.91 per barrel around 19:45 CET. At the same time, American West Texas Intermediate (WTI) light oil fell by 3.45 percent to 86.92 dollars per barrel.
According to Trump, negotiations took place at the highest level and Iran accepted the main points. For the time being, however, the American naval blockade of Iranian ports will remain in force, he wrote on his social network Truth Social.
“Since negotiations with the Islamic Republic of Iran have been presented to the top leadership of Iran and approved, I as President of the United States of America have canceled the planned strikes and bombings against Iran that were scheduled to take place this evening,” Trump said.
According to him, the negotiations and final points were approved in both general and detailed terms by all parties involved, including the USA, Israel, Saudi Arabia, the United Arab Emirates, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt and others.
It is said that the place and date of the signing could be announced in the foreseeable future. However, the naval blockade will remain in force “until this transaction is completed”, added Trump.
Just a few hours ago, he threatened a “hard blow” on the Islamic Republic on his social network Truth Social.
“The US military will attack Iran ‘very hard’ tonight. It will soon take over key points of the country’s oil infrastructure,” Trump said on Thursday afternoon.
At the same time, the head of the White House announced a military operation in the Persian Gulf, during which American forces will occupy the Iranian island of Kharg, the oil heart of Iran, where approximately 90 percent of the country’s oil exports are made. After a few hours, however, he canceled both events.
