Following Trump’s statement on dialogue with Iran: oil prices began to fall
14 April 12:15
Oil prices began to fall on Tuesday, April 14. The market reacted to the prospect of a diplomatic resolution to the conflict, which somewhat reassured investors regarding the stability of supplies through the Strait of Hormuz.
This was reported by Reuters , according to "Komersant Ukrainian".
Brent crude futures fell by $1.86 to $97.50 per barrel. At the same time, U.S. West Texas Intermediate crude fell by $2.25 to settle at $96.83.
This decline offset the significant gains from the previous session, when prices surged following the U.S. military’s blockade of Iranian ports.
Military Presence and Logistical Risks
The U.S. military announced the expansion of its control zone in the Strait of Hormuz to the Gulf of Oman and the Arabian Sea.
Vessel tracking data confirmed changes in tanker routes after the blockade took effect.
In response, Tehran issued threats to attack ports in the Persian Gulf, citing the failure of recent negotiations in Pakistan.
Chances for a diplomatic settlement
Despite the complex situation, market analysts note the efforts of the Donald Trump administration to reduce tensions.
The U.S. president has publicly stated that Iran is willing to conclude a new agreement.
Sources confirm that informal dialogue between the countries is ongoing, and the Prime Minister of Pakistan is actively participating in the de-escalation process as a mediator.
Impact on global supply volumes
ANZ experts note that approximately 10 million barrels of oil per day have already been removed from the global market. A further blockade could reduce supply by several million more barrels.
At the same time, NATO allies, notably the United Kingdom and France, have not yet joined the military action, calling for the resumption of shipping. U.S. Energy Secretary Chris Wright predicts that prices will stabilize immediately after the restrictions in the strait are lifted.
