The price of crude oil in the US has dropped by nearly 19% after Trump suspended attacks on Iran for two weeks.

U.S. crude oil prices recorded a significant drop on Tuesday evening, nearly 19%, reaching $91.64 per barrel, after President Donald Trump announced the suspension of attacks on Iran for a period of two weeks. This decision is conditioned on Iran's agreement to allow the complete and safe opening of the Strait of Hormuz, a crucial route for oil transport. Trump mentioned that a 10-point proposal from Iran provides a viable basis for negotiations, and the ceasefire will allow the agreement to be finalized. Iranian Foreign Minister Seyed Abbas Araghchi confirmed that Iran will ensure safe passage through the strait, emphasizing that Iranian armed forces will cease defensive operations if the attacks are stopped. This situation arose shortly before the deadline set by Trump, who had previously threatened severe attacks on Iran. The war in the region has led to a drastic decrease in oil exports through the Strait of Hormuz, causing a major disruption in global supply chains, and executives in the oil industry are warning of the risks of global fuel shortages.