International oil prices fell under $90 per barrel on Tuesday after US President somehow convinced both Iran and Israel to stop bombing each other after tensions rose in Lebanon.
Israel earlier violated its ceasefire arrangements with Beirut and bombed Hezbollah locations along its occupied border with Lebanon.
At the time of press, Western Texas Intermediate (WTI) fell as low as $88, down $2.8 per barrel or 2.6 percent, while Brent was down at least $2 per barrel or 2.1 percent.
Oil prices have been extremely volatile, going up and down since the Iran-Israel-US war started in late February 2026.
So commentators on X said President Trump has particularly tried to profit from the energy market by posting on Truth Social about how the war was going to end or when he would strike parts of Iran. In both cases, oil prices either fell or soared near/above $100 per barrel.
Logic says the market has no way of knowing in real time when it will fall or rise but big bets by influential individuals in powerful positions have made millions of dollars so far by calling the shots.
On Monday, US crude futures had gone up as high as $94 per barrel before falling below $90 earlier today.