U.S. President Donald Trump stated that global oil prices would fall sharply if a peace agreement is reached to end the ongoing war between the United States, Israel, and Iran. Since the conflict began, oil prices have risen significantly due to heightened tensions and disruptions in the Strait of Hormuz, a key route for global energy transport. Trump said there is a good chance of reaching a deal but emphasized that nothing is guaranteed.

According to Trump, the two countries are discussing 15 points aimed at ending the war, with Iran’s abandonment of nuclear weapons listed as the top three priorities. He also expressed his desire to see major changes in Iran’s governing system. The remarks come amid stalled maritime traffic in the Strait of Hormuz caused by Iranian threats, which have contributed to the surge in oil prices.

The report, citing BBC Bangla, did not specify when or where the negotiations are taking place or how close the parties are to an agreement.