Trump acepta un alto el fuego con Irán por dos semanas, los precios del petróleo caen más del 15%

Investing.com- During the Asian trading session on Wednesday, after US President Trump agreed to a two-week ceasefire with Iran, oil prices crashed by more than 15%, and at the time this decision was announced, only a few hours remained until the last deadline he had set himself for reopening the Strait of Hormuz.

As of 19:38 Eastern Time (23:38 Beijing Time), US West Texas Intermediate (WTI) crude oil futures were down 18%, to $92.61 per barrel.

On Tuesday settlement, WTI futures rose 0.3%, closing at $112.41 per barrel.

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In a social media post, Trump said he has agreed to pause military actions against Iran for two weeks, with only a few hours remaining until his self-set deadline of 8:00 PM Eastern Time.

He said the US has achieved its core military objectives, and added that Iran has put forward a multi-point proposal that could serve as a foundation for a broader agreement.

The market has been closely watching this final deadline, as it is expected to mark a major escalation of the conflict. In the hours before the deadline arrived, oil prices surged to multi-month highs as concerns grew that US strikes could severely disrupt Middle East supply routes.

Previously, Trump had warned that failing to comply with the terms could lead to the consequences of “all of civilization” possibly disappearing.

Trump described this ceasefire as a “bilateral pause,” with conditions that Iran ensure the immediate and safe reopening of the Strait of Hormuz, a critical chokepoint for global oil shipments that account for about one-fifth of the world’s oil transport.

This breakthrough came after last-minute diplomatic efforts, with Pakistan playing a key role as a mediator in urging both sides to step back from the brink of escalation.

Trump said that “most of the major issues” between the two sides have been resolved, and the two-week window is intended to finalize a long-term solution.

The Strait of Hormuz handles about 20% of global oil flow and has effectively been shut down during weeks of conflict.

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