Trump's statement about withdrawing troops triggered a sell-off in crude oil, and the energy premium quickly disappeared.

International oil prices fell after Trump stated that the US would withdraw from Iran within two to three weeks, regardless of whether a deal was reached. WTI crude oil fell below $98 per barrel, down 3.78% on the day; Brent crude oil is currently down 3.3%. Thomas Mathews of Capital Economics said, "Hopes of de-escalation have boosted the market, but we believe that even if the war ends soon, its effects will persist in many cases. After all, both sides have released positive signals in other phases of the war, but many of them ultimately failed." (Jinshi)