The image has been used for representational purposes. file | Photo courtesy: Reuters
Oil prices fell on Thursday (January 15, 2026) after US President Donald Trump’s comments eased fears of instability in Iran.
West Texas Intermediate fell 3.0% to $60.16 a barrel, while Brent crude fell 2.93% to $64.57 after Mr Trump said he had been told the killings of protesters in Iran had stopped.
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In a surprise announcement at the White House, the US President said he would “look into it and see” about the threatened military action.
He said, “They have said the killings have stopped and there will be no executions – there were to be a lot of executions today and there will be no executions – and we are going to find out.”
Mr Trump in recent days has repeatedly talked about supporting the Iranian people in the crackdown on protests that rights groups say have left at least 3,428 people dead.
Oil prices rose about 1.5% on Wednesday (January 14, 2026) due to concerns that the situation could restrict crude oil supplies.
“Oil prices fell after U.S. President Donald Trump’s comments that Iran would not kill protesters any further, reducing fears of a supply shock to energy markets,” said Capital.com’s Kyle Rhoda.
Michael Wan, an analyst at financial group MUFG, noted this week that Iran accounts for 3% of global oil production.
Mr Wan said on Thursday (January 15, 2026) that Mr Trump’s latest comments “come as the United States redeploys some personnel to Qatar and other US bases in light of ongoing geopolitical tensions and potential Iranian threats to target those locations”.
published – January 15, 2026 10:37 am IST