Oil prices fall on Wednesday after President Donald Trump says US and Iranian representatives hold “very good” talks at the United Nations. In early Asian trade, the Brent crude benchmark and the US West Texas Intermediate contract dip to about $98.91 and $89.93 per barrel respectively, both below the $100 level that they had repeatedly broken in recent months.
Trump describes the three-hour meeting as “very good” and “very productive,” and says another round is scheduled soon. The comments come shortly after a separate UN address in which he signals a potential choice between making a deal with Iran or taking much harsher action. Different outlets focus on the market reaction to Trump’s remarks, the details of the meeting, and how the timing of his UN rhetoric may shape expectations.
One report also notes that Saudi Arabia prepares to resume crude exports through its East–West pipeline, adding to the broader supply-related context alongside the diplomatic headlines.
