Oil Prices Fall As White House Signals Will Maintain A Ceasefire With Iran Unless American Troops Are Killed

President Trump in an early Thursday morning Truth Social post has said the United States is “in the middle of my final negotiations to end the War” – while blasting the Republicans who voted the night prior to limit war powers “GRANDSTANDERS” and “unpatriotic”.

Even though Iran is denying that any direct negotiations are taking place, following a big flare-up this week in new tit-for-tat fighting which involved Iran sending more missiles and drones on Gulf states, especially Kuwait, the reference to ‘final negotiations’ was possibly enough to get oil prices to react, with a drop in crude.

There was also a report that the White House intends to maintain a ceasefire with Iran unless American troops are killed.

As for the House vote, it was seen as a rare direct rebuke of Trump and the fact that this war – which the American public was promised would be a ‘short’ military action of possibly a few ‘days’ or ‘weeks’ – is now approaching 100 days, and the war powers passed 215-208, with the four Republicans joining all Democrats in voting yes being Brian Fitzpatrick of Pennsylvania, Thomas Massie of Kentucky, Tom Barrett of Michigan and Warren Davidson of Ohio.

But in Lebanon, there is some positive news, with Lebanon ‌and Israel ​saying had ⁠agreed ​to implement ⁠a ceasefire during talks in Washington and overseen by the US; however, once again the deal is contingent on Hezbollah agreeing to the ceasefire.

“That cease-fire is conditional on Hezbollah also stopping fighting, but in theory, the news helps to take out a key sticking point in the U.S.-Iran talks that was holding up a deal. So that’s seen oil prices reverse a run of three [days of] consecutive gains,” Deutsche Bank analyst Henry Allen stated in a research note.

developing…