Iran-US war latest: Oil prices fall after Trump offers ‘15-point’ peace plan and rules out Iran nukes
Oil prices fell and stocks rose on Wednesday after Donald Trump said he had sent a peace plan to Iran, and that Tehran had agreed it would never obtain a nuclear weapon.
Brent crude fell about 7 per cent to below $100 a barrel, while West Texas Intermediate was near $87.
The US is proposing a month-long ceasefire to discuss terms of a 15-point plan that includes the dismantling of Iran’s main nuclear sites, uranium enrichment programme, temporarily ending its ballistic missile programme and reopening the Strait of Hormuz, US and Israeli media reported.
Trump claimed that Iran had already agreed to his biggest demand to stop the war on Tehran. “They’ve agreed,” he said. “They will never have a nuclear weapon. They’ve agreed to that,” he said. Despite Trump’s push to end the war, the US is also reportedly preparing to send more troops to the Middle East.
The Pentagon ordered about 2,000 soldiers from the 82nd Airborne Division to begin moving to the region, The New York Times reported, citing defence officials. The brigade can send paratroopers and equipment anywhere in the world within 18 hours.
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