Crude Oil Price: President Trump stated in a post that talks with Iran are ongoing and that there will be no attacks on its power plants at this time. He stated that talks have been ongoing for the past two days and will continue for the next few days.

Crude oil prices fall after Trump's announcement

Crude Oil Price Falls: Rising tensions in the Middle East have caused a surge in crude oil prices worldwide. The Indian currency is being most affected in Asia, falling to 94.01 against the dollar. Meanwhile, a significant drop in crude oil prices has been recorded following an announcement by US President Donald Trump.

Trump's big claim on Iran war

President Trump stated in a post that negotiations with Iran are ongoing and that Iran's power plants will not be attacked for the time being. He explained that negotiations have been ongoing for the past two days and will continue for the next few days. Therefore, Tehran's power plants will not be targeted for the next five days.

Following Trump's announcement, crude oil prices fell by about 10 percent, providing some relief to global markets.

Iran refuses to negotiate

On the other hand, Iran has responded to the US President's claims by stating that no peace talks have taken place with the United States. Tehran has completely rejected Trump's claim.

According to the Iranian news agency IRNA, US President Donald Trump's decision not to attack an Iranian power plant was made after Iran issued a warning. The report also stated that no contact has been made with Iran, even through intermediaries.

It's worth noting that the ongoing conflict between the US, Israel, and Iran has now been escalating for four weeks, with no signs of peace in sight. Meanwhile, Iran's closure of the Strait of Hormuz has disrupted oil and gas supplies, deepening the global energy crisis. Its impact is clearly visible in many countries, including India.