US President Donald Trump has attributed the recent decline in global oil prices to the interim agreement with Iran, saying the diplomatic breakthrough has helped ease pressure on energy markets.
In posts on his Truth Social platform, Trump said oil prices are now lower than they were before the start of what he described as the "denuclearisation of Iran." He also pointed to falling fuel costs in the United States, writing, "Gas prices coming down, fast."
The president further used the opportunity to highlight his political standing, claiming his approval ratings had reached their highest level.
Global oil prices remained lower on Monday despite ongoing tensions in the Middle East. Brent crude traded at around $73 per barrel, while US West Texas Intermediate (WTI) hovered near $69 per barrel, representing a decline of roughly 15 percent from levels recorded before the recent US-Israeli military campaign against Iran.
Energy markets have been closely monitoring developments surrounding the US-Iran agreement, with investors assessing whether the easing of tensions could support more stable oil supplies and reduce risks to global shipping routes.
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