Global crude oil prices fell by more than 5 percent after U.S. President Donald Trump indicated progress in diplomatic discussions concerning the Middle East. The decline came amid easing investor concerns over potential conflict involving Iran. On Wednesday, Brent crude dropped to 105.70 dollars per barrel, marking a significant downturn in the international energy market.

Analysts attributed the fall to reduced fears of escalation in the region following Trump’s remarks that negotiations with Iran were in their final stage. However, he also warned that further attacks could occur if Tehran refused to agree to a peace deal. This mixed message created both optimism for a possible settlement and lingering uncertainty about future tensions.

Experts noted that while the market experienced temporary relief, the overall uncertainty in the global energy sector remains unresolved, leaving investors cautious about the next developments in U.S.-Iran relations.