Oil prices took a sharp dive when Trump indicated Iran has "halted the killing," causing immediate de-escalation in Middle East tensions. The spike in geopolitical risk premium evaporated within minutes as markets repriced the threat level. It's a textbook case of how fast sentiment can shift—one statement from a major political figure moves the entire energy complex. WTI and crude benchmarks swung hard on the easing of conflict fears, reminding traders that geopolitical narratives still call the shots in commodity markets. The energy sector remains hypersensitive to US-Iran developments, with every headline capable of reshaping price discovery. Sometimes the markets move on actual supply disruptions; other times they're dancing to geopolitics.