Crude oil prices fall sharply, with Brent crude falling more than 6% after Trump's claims, reaching $97.922 per barrel

Crude Oil Price Today, March 25: Oil prices fell following reports that the US had offered a ceasefire to Iran and Trump's claims that he would gift America oil and gas. Brent crude prices fell more than 6%.

Crude oil prices fall sharply, with Brent crude falling more than 6% after Trump's claims, reaching $97.922 per barrel.

Crude oil prices fell again today following claims by US President Donald Trump. Benchmark Brent crude fell 6.676% to $97.922 per barrel on Wednesday, March 25, 2026. Trump claimed that a group of central mediators has been formed to propose a ceasefire to Iran and hold high-level peace talks.

Iran give a big gift to America

Amid the ongoing Middle East conflict, US President Donald Trump claims that Iran has given the United States a significant gift of oil and gas. This has further strengthened his confidence in peace talks. Trump also claimed that the gift from Iran symbolizes efforts to achieve a solution.

Trump's other claims

1. Along with the gift from Iran, Trump has also claimed about the proposal of peace talks.

2. Apart from this, he has also said that Iran has agreed that it will never possess nuclear weapons.

3. Although Iran hasn't responded to Trump's claims, the impact is already visible on the market. News of a thaw in Middle East tensions led to a significant drop in crude oil prices.

More than 40% increase

Since the US, Israel, and Iran began attacks, crude oil prices have surged by more than 40%. However, prices have occasionally fallen due to similar claims by US President Donald Trump. Tehran has consistently denied these claims.

warning of economic recession

Economists worldwide have warned that if the Middle East tensions persist and the closure of the Strait of Hormuz drives up energy prices, it could lead to a significant surge in inflation, potentially impacting national growth. Business activity has already been impacted by rising crude oil and gas prices.