Oil prices fall after Trump's announcement regarding withdrawal from Iran

At the beginning of trading in Europe, Brent crude oil prices fell by 4.52%, reaching $99.20, while WTI crude oil recorded a decrease of 4.04%, reaching $97.30. This decline was generated by statements from President Donald Trump, who announced that the United States would leave Iran "very soon" and that military actions could end in two or three weeks. Trump stated that there are no reasons to continue the military presence in Iran and that, regardless of any potential agreement, the withdrawal will take place.

The White House spokesperson, Karoline Leavitt, announced a speech from the president to provide additional details. Analysts at ING emphasized that, although a potential reopening of the Strait of Hormuz could facilitate traffic, normalizing production and oil exports will take time. This uncertainty has contributed to the decline in oil prices in international markets.