Iran Ceasefire

Brent crude plunged 13% to around $95 per barrel following Trump's Iran ceasefire announcement, marking the steepest oil drop since the 1991 Gulf War. The selloff reflects hopes Iran will reopen the Strait of Hormuz, which handles 25% of maritime oil trade, though analysts warn shipping companies need stronger assurances before resuming tanker operations. US gasoline remains elevated at $4.16 per gallon, up from $2.98 before the conflict, while Middle Eastern producers had cut 7 million barrels daily in March.

Trump's two-week Iran ceasefire has exposed deep fractures within his base, with hawks like Laura Loomer calling the deal "legitimizing terrorists" while isolationists including Tucker Carlson and Nick Fuentes (1.3M X followers) criticize prioritizing Israel over America First. The split reflects broader tension between Trump's campaign promise to end endless wars and his administration's hawkish approach that killed over 3,000 civilians since February 28.