OREANDA-NEWS  The statement by US President Donald Trump on the suspension of all strikes against Iran due to what he believes is a positive shift in the negotiation process led to the collapse of the Russian stock market. The Moscow Exchange index dropped to almost 2,800 points, although at the beginning of the day it rose to 2,875 points, according to the site data.

At the minimum, its value reached 2,804 points. The last time the index was lower was on March 4, when Tehran had not yet begun blocking the Strait of Hormuz.

The total indicator was influenced by the share price of Russian oil companies, which reacted to the collapse in oil prices. At the moment, Brent futures fell from 108 to 92 dollars per barrel. As of 15:00 Moscow time, they are trading at $ 101 per barrel.

The dollar fell by almost a ruble against the Russian currency on the Forex market, but the main drop occurred at the beginning of trading. The courses barely reacted to Trump's statement.

The US president did not explain exactly what progress had been made during the negotiations. In addition, the Iranian media claim that representatives of Tehran did not contact the United States either directly or through intermediaries. Against this background, taking into account the previous inconsistency of Trump's statements, oil is gradually compensating for the loss in value.