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

US President Donald Trump looks on before signing a bill in the Oval Office of the White House in Washington, DC, on Jan. 14, 2026.Oil prices fell more than 2% Wednesday after President Donald Trump signaled he might not attack Iran.U.S. crude oil fell $1.81, or 2.96%, to $59.34 per barrel. Global benchmark Brent was down $1.84, or 2.81%, to $63.63 per barrel. Trump told reporters in the Oval Office that "we've been told that the killing in Iran is stopping. It's stopped. It's stopping, and there's no plan ...