Oil prices fall 3% after Trump says ‘killing has stopped' in Iran

Core Viewpoint - Oil prices experienced a decline of 3% following U.S. President Donald Trump's comments that alleviated concerns about an imminent American strike on Iran [1] Group 1: Oil Price Movements - Brent crude oil futures fell 3% to $64.47 per barrel, while West Texas Intermediate crude also decreased by 3% to $60.17 per barrel [1] - Oil prices had previously surged on Tuesday after Trump canceled meetings with Iranian officials and indicated support for protesters, leading to heightened concerns about U.S. military intervention [2] Group 2: Political Context - Reports indicate that hundreds of individuals have died due to violent crackdowns by Iranian security forces amid mass unrest [2] - Trump has issued repeated threats of intervention if the Iranian government continues to harm civilians [2] Group 3: Market Reactions - The market reacted positively to Trump's statements on Wednesday, which suggested that violence in Iran had ceased and that there were no plans for further executions [1]