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Oil prices declined sharply on Tuesday after the president Donald Trump He said China could continue to buy oil in Iran, a sign that the US is reducing its maximum pressure campaign in the Islamic Republic after the ceasefire with Israel.
Global benchmark Brent decreased by $ 4.06, or 5.68%, up to $ 67.42 a barrel by 12:23. We have raw oil The latter decreased by $ 3.88, or $ 5.66, up to $ 64.63 a barrel. On Monday, the prices closed 7% lower when the oil market has deteriorated the conflict in the Middle East.
“Now China can continue to buy oil in Iran,” Trump said in a message about his Social media platform is true social. “Hopefully they will also buy in the US. It was my great honor to do it!”
Trump threatened in May Put any country The purchase of Iranian oil business in the US China is acquiring the vast majority of 1.7 million barrels per day that Iran usually exports, according to KPLER.
“Trump always seemed to not give up the removal of Iranian supplies from the market, given the pressure on oil prices he would have,” said Matt Smith, a leading oil analyst at KPLER. “Now he has no beef with Iran, given his diminished nuclear capabilities – his attention is the transition to return oil prices.”
Oil prices have fallen to the level that last seen before Israel started bombing Iran on June 13, as investors believe that the risk is low, which in the Middle East will have serious supplies.
The US decision will join the Israeli company and bomb three key nuclear sites in Iran over the weekend caused fears that Tehran could try to stifle oil export exports to revenge.
Instead, Tehran began an attack on the US Air Force Base, which left no victims, providing off -road from further escalation. Trump announced the ceasefire between Israel and Iran shortly afterwards.
The ceasefire fired at the border of the collapse at the beginning of Tuesday, when Trump accused both Iran and Israel of violating the agreement shortly after he came into force. The president demanded that Jerusalem and Tehran follow the ceasefire, leaving extraordinarily rigid words for Israel.
“I am not satisfied with Israel,” Trump told reporters on the way to the NATO summit in the Netherlands. “I am also not satisfied with Iran, but I am really unhappy when Israel” continues its bombing on Tuesday.
Throughout the conflict, traders feared that Israel could target 3.3 million bar. BP produced by Iran, or that the Islamic Republic can come out, focusing on the energy infrastructure in the Gulf countries, including Iraq.
Investors also watched whether Iran would close to close the Harmus Strait, which linked the Persian Bay and the Bay of Oman. The strait used to transport 20% worldwide raw materials is Key route for Iranian and other close Eastern deliveryIncluding Saudi Arabia, the world’s largest oil exporter, United Arab Emirates, Iraq, Kuwait and Bahrain.
