US oil prices fall below $100 per barrel after Iran diplomacy signal

US oil prices fell below $100 per barrel after a post by The Kobeissi Letter claimed that “US Secretary of State Marco Rubio” said President Trump prefers a diplomatic resolution to the Iran conflict and does not want to use military force: https://t.co/DsjSh8Xwtw

Note: The attribution and titles in the post contain inconsistencies and are unverified.

Market implications

- Lower crude prices reduce inflation pressures and energy costs: typically supportive for risk assets, including cryptocurrencies.
- Reduced geopolitical risk premium: can improve market liquidity and risk appetite.