Oil prices fall 5% after Trump says Iran talks proceeding in a 'constructive manner'. Meanwhile a Trump linked private equity firm has been scooping up oil futures.

Crude oil prices fell 5% Monday after President Donald Trump indicated that talks with Iran to reopen the Strait of Hormuz are advancing, though he said the U.S. would not rush a deal.

West Texas Intermediate futures were down about 5.8% to $90.95 per barrel as of 7:35 a.m. ET. International benchmark Brent futures also lost around 5.8% to $97.60 per barrel.

https://www.cnbc.com/2026/05/24/oil-price-iran-war-strait-hormuz-trump-peace-talks.html

This should be illegal, but he will get away with it. Clearly it was about the oil all along. He WANTED oil prices in flux