Trump told reporters that the administration was in the "final stages" of negotiations with Iran, according to a pool report.

Brent crude nears $105 as Trump calls Iran ceasefire on 'massive life support,' raising geopolitical risk premiums and pushing oil prices higher.

Oil prices climb towards $110 a barrel as US-Iran tensions escalate over the Strait of Hormuz. President Trump's warnings add to market volatility.

Oil prices fell on Tuesday after US President Donald Trump said that a planned attack on Iran had been paused to allow talks aimed at ending the Middle East conflict.

Trump told reporters that the administration was in the "final stages" of negotiations with Iran, according to a pool report.

West Texas Intermediate dropped nearly 6% on Wednesday after Trump said negotiations with Tehran are nearly complete

Prices drop 6% but president warns of further attacks unless Iran agrees to a deal

Brent crude oil prices fall to $105 per barrel as US-Iran peace talks show progress, but analysts remain cautious about future supply disruptions.

Crude oil prices dipped to $102 as the US awaits Iran's response to a peace proposal, potentially ending the conflict and impacting global fuel prices.