Oil falls nearly 2% after Trump signals he could hold off on attacking Iran

Group 1 - Oil prices fell more than 2% following President Trump's indication that he might not attack Iran, with U.S. crude oil dropping by $1.81 (2.96%) to $59.34 per barrel and Brent crude decreasing by $1.84 (2.81%) to $63.63 per barrel [1][2] - The oil market reacted positively to Trump's comments about the cessation of killings in Iran, interpreting them as a sign that military action may not be imminent [2] - Iran, as a significant crude oil producer and OPEC member, is under scrutiny as social unrest could potentially disrupt oil supplies, especially with reports of large-scale demonstrations and government crackdowns [3]