Oil Prices 'believed' In Trump's Plan To End Iran War
- 25.03.2026, 13:29
Quotes reacted to U.S. diplomatic efforts.
Oil prices declined on the morning of March 25. Quotes reacted to the US diplomatic efforts to end the war with Iran, reports Bloomberg.
According to the investing portal, as of 9:26 Kiev time, the cost of Brent crude oil fell by 4.03 dollars - to 96.20 dollars per barrel. U.S. WTI oil fell in price by 3.22 dollars - to 89.13 dollars per barrel.
Bloomberg, citing sources familiar with the situation, notes that the U.S. has developed a 15-point plan to contribute to the end of the war. At the same time, the publication reported the day before that the administration of US President Donald Trump had sent about 2,000 soldiers to Iran to weaken Tehran's control over the Strait of Hormuz.
The journalists note that the details of the US peace proposal to Iran remained unclear, although Trump has publicly expressed the view that any agreement should include a ban on Iran ever obtaining nuclear weapons or enriching radioactive materials. It was also unclear whether Israel supported such an approach. In addition, White House spokeswoman Caroline Leavitt noted that U.S. military operations will continue unchanged, although there is now "a new opportunity for a diplomatic settlement."
At the same time, journalists note that Chinese Foreign Minister Wang Yi urged his Iranian counterpart Abbas Araghchi to begin talks with the U.S. as soon as possible to end the war. Bloomberg recalls that China is a major buyer of Iranian oil.
The head of commodities research at Australia's Westpac Banking Corp. Robert Rennie notes that moving toward a resolution of the conflict in the Middle East won't be easy.
"We have clearly moved away from what could have escalated to a 'total annihilation' stage in the war between the US and Iran and are moving towards a negotiated end to the conflict, although given the lack of trust on both sides, that end is likely to be difficult," the expert said.
Saxo Markets chief investment strategist Charu Chanana adds that it is premature to talk of a "complete calming of the situation" despite the decline in oil prices. He says that although the fall in oil prices indicates a reduction in the war risk premium, i.e. a markup on the price of black gold, "Iran has publicly denied holding direct talks, and military activity and troop deployments continue."