Oil falls after Trump announces 'good and productive conversations' with Iran
S E E D E D C O N T E N T
Oil prices fell sharply on Monday after President Donald Trump said the U.S. and Iran had had “very good and productive conversations” in the past two days.
West Texas Intermediate futures dropped 13% to $85.45 a barrel, while Brent crude contracts fell 12% to $98.66 a barrel.
The move comes after Trump wrote in a post on Truth Social at 7.05 a.m. Eastern that both governments had had “very good and productive conversations regarding a complete and total resolution” of the hostilities between the two countries in the Middle East just over four weeks after the conflict first started.
The president added that all military strikes on Iran’s power plants and energy infrastructure would be postponed for a five-day period “subject to the success of the ongoing meetings and discussions.”
Trump previously threatened more attacks on Iran’s energy infrastructure in a post on Truth Social on Saturday evening. The speaker of Iran’s parliament warned of retaliatory strikes across the region in response.
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Of course, the market is very sensitive to news ... especially regarding the production and distribution of oil.
So now they have to find something else to cry about.
And with ICE helping at airports, they'll have to look hard.
Diesel still never came close to this:
Not even close.
Did people really forget?
It's willful ignorance. Look at how much they start crying when it's pointed out.
Suddenly the msm is concerned about gas prices
Yep, selective memory and partisan bias. You see when inflation and gas prices were at 40 year and all time highs it was Trump and Bushes fault. Hell, some of them still blamed Reagan even though many of them weren’t even alive yet. But when a conservative becomes POTUS, all bad things are retroactively the conservatives fault. Especially if their last name is Trump.
Only folks fooled are dullards and their fellow partisans
Sad but true
Diesel prices spiked to $5.29 per gallon on March 22, 2026. California's average price rose to $6.76 per gallon. The average price for diesel before the attacks on Feb. 28, 2026, was $3.71 per gallon. Trump's war increased diesel prices by 42% in 3 weeks. Not even Biden could raise prices that quickly.
How many presidents allowed this to go on because of gas prices or the next election?
Let's see: Reagan, G.H.W. Bush, Clinton, G.W. Bush, Obama, Trump (45), and Biden. That's seven by my count. 4 Republicans and 3 Democrats.
And now Trump (47) has failed which brings the count up to 5 Republicans and 3 Democrats.
Lol ….. that is what you are hanging your hat on? How quickly it went up? 40 year record high inflation and record gas prices under Biden and Trump is worse? I would say your TDS is showing but maybe it’s BDS. Biden denial syndrome.
Sorry to make this plain but, yes, Trump is worse because his destruction caused the inflation. Yeah, yeah, yeah, progress requires sacrifice. I've heard that one before. Where's the progress?
At least we got something out of Biden's inflation. That's more than can be said for Trump.
Oh I speak “plain” so here goes ……. Opinions do vary.
Not gonna get in a long drawn out here but I’ll just say ….. how’s that border doing?
The only verification is that Trump has backed down. The market reaction does not indicate support for Trump's Operation Epic Fury.
Trump talking about ending the war means that the Iranian Revolutionary regime has survived pretty much intact, the Strait of Hormuz can still be threatened, verification of enriched uranium stockpiles won't happen, Iran will continue to operate the Bushehr Nuclear Power Plant and may build more, and Iranian ties with both Russia and China will be strengthened.
All in all, a waste of taxpayer money and unnecessary harm for consumers. It's no mystery that a services economy cannot fight a war of attrition. The markets do not respond to or value 'patriotism'. And victory celebrations fall off the news cycle pretty quickly. The only thing the American people get out of this deal is the right to wear a 'I Survived Trump' T-shirt.
Trump will be causing chaos until the day he dies. He has too much fun doing it.
In the movie Dirty Harry , Harry Callahan tells the mayor that the serial killer will keep killing. "How do you know that ?" the mayor asks. "Because he likes it" was Harrys reply.
Oh the market doesn’t like it so we better stop and let Iran keep corn-holing the western world?
Iran has been a state sponsor of terror for nearly five decades. Democrats enabled them, Trump is fighting them. I love the genius armchair quarterbacks calling the game right now. I mean, I’m sure they have Irans playbook right? Up to date intel etc.
The second an Iranian Nuc pops they will efficiently start blaming Trump for it. The only POTUS in recent history actively trying to stop it. Yep, that is how it will play out with those dimbulbs.
Yeah, we all know Iran's playbook. State sponsored terror. Even you said so.
If I tell you its a really stupid idea to kick the bull's balls that doesn't mean I'm rooting for the bull.
The key word there is 'trying'. But the new replacement word is 'failed'. The Iranian regime is still in place. There hasn't been a popular uprising. The location and status of enriched uranium hasn't be verified. The Strait of Hormuz remains closed after throwing a considerable portion of the US conventional arsenal at Iran. Now Trump is cozying up to a nuclear armed Pakistan as negotiating intermediary to salvage some kind of deal? (Yep, the same Pakistan that protect Osama bin Laden and allowed safe haven for the Afghan Taliban.)
Wow, your crystal ball must be smoking! You have no more idea that it has failed at this point than I have it has succeeded. You are trying to paint black and white in a situation usually with infinite color options . And way too early by the way.
Just admit it. Trump triggers you. It’s okay. I do understand.