Oil prices are under some pressure after Trump wrote:
I greatly respect the fact that all of the hangings planned yesterday (over 800 of them) have been canceled by the Iranian leadership. THANKS!
Iran is a brutal regime that quickly sentences people to death who protest poor economic conditions. It is unclear, however, whether the United States wishes to become involved in a war and we will watch for signs. The consensus is that it will be much more difficult to dislodge the Iranian regime than what we saw in Venezuela.
Oil prices fell earlier in the week after Trump said something similar about planned executions, but that is little comfort to protesters who were told earlier in the week that “help is on the way” and that they should continue protesting.
According to the UN, Iran executed around 975 people in 2024, and that number almost doubled in 2025.
Official government statements claim that there were no plans to execute protesters solely for their participation in the demonstration.
In terms of markets, what matters for oil is whether or not the bombs will fly, and that indicates they won’t, at least not this weekend.
WTI crude was last at $59.89.
