Is US-Iran Conflict Officially Over? Trump Says Iran Deal to Be Signed in Europe This Weekend, Two Major Oil Prices Fall Over 4%

TradingKey - US-Iran geopolitical tensions have cooled sharply. Trump just stated on social media that Iran's supreme leadership has approved a draft multilateral consensus agreement, causing both major crude oil futures to plunge.

As a result, the two major crude oil futures plummeted in short-term trading. As of press time, WTI crude oil futures fell over 4% to $86.20, while Brent crude oil futures also dropped over 4% to $88.66.

[Source: FutuBull]

Subsequently, Trump released more details regarding the signing of the peace agreement with Iran.

Latest reports indicate that U.S. President Trump stated a final agreement on the Iran issue may be reached in the coming days, with the signing ceremony planned for this weekend in Europe. The Strait of Hormuz is expected to fully reopen immediately following the signing. As Trump is unable to attend in person, Vice President J.D. Vance will represent the U.S. at the ceremony.

According to Iran's Fars News Agency, since the United States has accepted the text proposed by Iran, there is a high probability that the text will be approved by the Iranian side.