Oil prices fell sharply after a post by JD Vance appeared to signal a possible de-escalation in the conflict between the United States and Iran. Brent crude dropped to around $94 to $95 per barrel, while West Texas Intermediate (WTI) settled near $88 to $89. Investors interpreted the message as reducing the risk of supply disruptions in the Gulf, which had previously supported prices. The market now sees a new all-time high in crude prices as less likely in the near term. Official statements from the White House, as well as decisions by OPEC and the International Energy Agency, remain key factors for what comes next.
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