March 22, Kathmandu – Following a recent statement by US President Donald Trump, global crude oil prices have fallen by 13 percent. On Monday, Trump announced ongoing talks with Iran and stated that no attacks would be launched against Iran for the next five days.
In a post on ‘TruthSocial’ written in all capital letters, he said, “I am pleased to inform you that over the past two days, the United States and Iran have had very good and productive discussions regarding the full and comprehensive resolution of our adversaries in the Middle East.”
He added, “Based on the intent and tone of these intensive, detailed, and constructive talks—which will continue throughout the week—I have directed the Department of Defense to suspend any and all military strikes against Iranian energy sites and energy infrastructure for a period of five days, contingent on the success of the ongoing meetings and discussions. Thank you for your attention. President Donald J. Trump.”
Following Trump’s statement, the price of Brent crude oil declined by 13 percent, dropping to $96 per barrel.
Similarly, gas prices fell from 159 pence per therm to 139 pence, according to reports from the BBC.
