Oil prices fell on Wednesday after US President Donald Trump reaffirmed that the war with Iran would end “very quickly,” but investors were still concerned about the results of the peace talks in light of the continuing disruptions to Middle East supplies as a result of the conflict.
Brent crude futures fell $0.54, or 0.49%, to $110.7 per barrel by 02:19 GMT, while US West Texas Intermediate crude futures fell $0.49, or 0.47%, to $103.7.
Both benchmarks fell by about a dollar yesterday, Tuesday, after US Vice President J.D. Vance said that the United States and Iran had made progress in the talks, and that both parties did not want to resume military action, according to Reuters.
