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Posted on 06/02/2026 6:02:36 AM PDT by Alas Babylon!
Oil prices were falling early Tuesday as markets watched to see if the U.S.-Iran peace deal will proceed after President Donald Trump’s efforts to achieve a cease-fire between Israel and Hezbollah.
Brent crude futures, the international standard, were down 2% at $93.06 a barrel. West Texas Intermediate futures were falling 1.9% to $90.32 a barrel.
Crude prices rose sharply on Monday after reports out of Iran said it suspended peace talks with the U.S. due to Israel’s military actions in Lebanon. However, Trump later said talks were continuing and that Israeli Prime Minister Benjamin Netanyahu had called off attacks in Lebanon.
“I…had a conversation with Representatives of the Leaders of Hezbollah, and they agreed to stop shooting at Israel, and its soldiers. Likewise, Israel agreed to stop shooting at them. Let’s see how long that lasts—Hopefully it will be for ETERNITY!,” Trump posted on Truth Social on Monday.
(Excerpt) Read more at msn.com ...
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I hope they stay down.
Saw in another thread that Hezbollah is already launching rockets into Israel. Like Ukraine, I don’t believe anything I hear from any side at any time.
Hard for them to go down in a booming economy like America is having now.
Add to the mix, TETHER JUST STARTED LIQUIDATING BITCOIN HOLDINGS!
FOR THE FIRST TIME EVER, THEY’RE SELLING
$BTC
DIRECTLY FROM THE BITCOIN RESERVE WALLET.
It appears every sector is selling off (except for the AI equities), the canary in the coal mine.
Iran’s demented thug “leaders” can’t plausibly play the victim when they keep getting reasonable settlement terms force-fed to them on a silver platter.
Man-o-shevitz, are they ever obviously (can’t hide it) jonesing for a resumption of kinetic hostilities. Instead, Trump is viciously and literally killing them (economically, as well as in terms of their domestic and international reputation) with inter-sovereign kindness.
Buck Saxon predicted this . Iran just delays through talks while pursuing the bomb. The difference this time is the money they are losing due to the blockade.
Iran stalls and Trump blows something up ,LOL
“It appears every sector is selling off (except for the AI equities),”
Please reboot Socrates. It is not updating.
DOW +125
NASDAQ +52
S&PN+15
If prices go up, they instantly go up at the pump.
When prices go down, it takes a long time - if ever - for the price at the pump to fall = never in California.
“June 1, 2026, the average price for a gallon of regular unleaded gas in California is $6.032.”
And just like that, oil is up. Hopefully, the market is wising up to the nonsense that is coming out of Tehran and Washington DC.
The way to end this is to bomb them to rubble, so they can’t make a peep for decades.
Ours dropped .30 cents last week
Actually closed up today.
Yup, up, down, up, down, and... UP...
I keep an eye on my oil stocks looking for an exit point.
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