Trump Claims Near Deal to End Iran Conflict, Oil Prices Drop

Washington DC. US President Donald Trump has claimed that a preliminary agreement to end the war with Iran is near. Immediately after Trump's statement, crude oil prices saw a significant drop in the international market.

Speaking to reporters at the White House Oval Office on Thursday, President Trump said, 'We have found a big solution to the war with Iran. This is a very big thing.' He said that the agreement documents are almost in the final stage and will possibly be signed soon in Europe.

After Trump's claim, Brent crude price in the world market fell to $89 per barrel. This is a 4.4 percent drop in a single day. Trump also said that the Strait of Hormuz will reopen immediately after the agreement.

Although Trump claimed to be close to an agreement, Iran has stated that some issues are still under discussion. Iranian Foreign Ministry spokesperson Esmaeil Baghaei accused the US of adding excessive demands in some places, even though agreement has been reached on most points.

Tensions between the two countries reached their peak after the US and Israel launched extensive airstrikes on Iran on February 28. In response, Iran attacked US military bases in the Gulf region and allied nations of Israel.