Oil prices drop following Trump announcement on Iran talks

Middle East Eye · August 3, 2026 Sanctions

Oil prices drop following Trump announcement on Iran talks Crude oil futures fell over six percent after President Donald Trump said negotiations with Iran would begin imminently to end the war, though Iran denies any talks are taking place. The drop in oil prices boosted US stocks at the opening, with Dow Jones jumping 1. 3 percent, Nasdaq up 1.