On the morning of February 2, oil prices sharply dropped following statements by U.S. President Donald Trump about serious negotiations with Iran.
Source: Gazeta.UA
As of 10:44 Kyiv time, Brent futures fell by $3.47 to $65.85 per barrel, and WTI by $3.43 to $61.78 per barrel. Both futures recorded a six-month single-day drop, as the risks of a military strike on Iran decreased.
Analysts note that Trump’s comments and reports about the absence of military exercises by the Iranian Revolutionary Guard Navy in the Strait of Hormuz are seen as de-escalation, reducing the risk premium in oil prices.
At the same time, geopolitical factors, particularly the situation around Iran, are limiting a more significant decline in quotations.
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