The Brent oil barrel, a reference in the European market, recorded a drop of nearly 1% before the start of the session in the stock exchanges of the Old Continent, settling at 103.2 dollars per unit, after the President of the United States, Donald Trump, guaranteed that he will not order "any" attack against Iran before the legislative elections scheduled for next November 3.
"We will not attack Iran at any time before the midterm elections that will be held in the United States on November 3. Iran will not have nuclear weapons!" Trump reiterated in a message disseminated on his social media.
In parallel, the price of West Texas Intermediate (WTI), the reference crude in the United States, fell 0.9% in the moments leading up to the opening of the European stock exchanges, to 90.7 dollars per barrel.
During the previous day, the oil market experienced a strong rebound, with the barrel surpassing the threshold of 105 dollars, following reports that Trump had instructed the Pentagon to prepare attack options against Iran to execute them before the midterm elections.
However, the current occupant of the White House emphasized this Thursday that he will not attack Tehran, "even though it is in a very delicate situation, both economically and militarily," while assuring that he is having "fruitful conversations" with Iranian authorities.
Trump stressed, however, that the naval blockade imposed on Iran "will remain in full force and effect," and highlighted that oil is "flowing in record amounts of barrels through the Strait of Hormuz (22 million barrels just last night, with not a single barrel coming from Iran or heading to it!)."
Meanwhile, the Iranian government has indicated that it will respond "in a few days" to the latest peace proposal put forward by Washington to try to end the conflict in the Middle East, after the United States rejected the last plan formulated by Tehran and conveyed its response through the mediators.
The Iranian initiative was presented during the 81st United Nations General Assembly, held at the end of September in New York, in a context of stalled negotiations, mainly mediated by Pakistan, to reach an agreement that allows closing the conflict triggered by the U.S.-Israeli offensive against Iran, which was unexpectedly initiated on February 28.