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US oil prices drop over $1 as Trump's comments reduce Iran supply fears

Trump said that he ‍had been told that killings in Iran's crackdown on ‍nationwide protests ‌were subsiding and he believed ‍there was currently no plan for ‍large-scale ‍executions

WTI had settled more than 1 per cent higher on Wednesday, then gave back most of those gains after Trump's ‌remarks reduced concerns over a potential US attack on Iran

Reuters TOKYO

1 min read Last Updated : Jan 15 2026 | 8:04 AM IST

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US oil prices fell more than $1 ‍in early Asian trade on Thursday after US President Donald Trump said killings in Iran's crackdown on nationwide protests were subsiding, easing fears of supply disruptions and possible military action against Iran.

US West Texas Intermediate crude futures were trading at $60.78 a barrel at 2322 GMT, down $1.24, or 2 per cent, from the previous day's close.

WTI had settled more than 1 per cent higher on Wednesday, then gave back most of those gains after Trump's ‌remarks reduced concerns over a potential US attack on Iran and supply disruptions.

Trump said on Wednesday afternoon that he ‍had been told that killings in Iran's crackdown on ‍nationwide protests ‌were subsiding and he believed ‍there was currently no plan for ‍large-scale ‍executions.

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