Oil prices fell 3% in Asian trading after a five‑day rally, as President Donald Trump signaled a calmer approach to tensions in Iran. The drop erased gains that had pushed Brent and WTI to multi‑month highs, easing fears of supply disruptions for global energy markets today for short.

Trump’s remarks followed assurances that Iranian authorities would halt violence against protesters, removing the risk premium that had driven the rally. By downplaying the possibility of U.S. military action, he reduced speculation that the world’s largest oil producer could face output or shipping disruptions in the near term.

Adding pressure, Trump also hinted at renewed talks with Venezuela, a sanctioned producer whose crude could enter the market if relations improve. Market watchers now expect that easing U.S. sanctions might lift supply constraints, further softening price expectations across the energy sector for global investors and analysts today.

Meanwhile, U.S. Energy Information Administration data revealed a 3.4‑million‑barrel build in crude inventories, contradicting forecasts of a draw. The unexpected surplus dampened bullish sentiment, as gasoline and distillate stocks rose, signaling ample supply in the world’s largest consumer and tempering near‑term optimism for global markets in the near.