Oil Prices Fall As White House Signals Will Maintain A Ceasefire With Iran Unless American Troops Are Killed

President Trump in an early Thursday morning Truth Social post has said the United States is "in the middle of my final negotiations to end the War" - while blasting the Republicans who voted the night prior to limit war powers "GRANDSTANDERS" and "unpatriotic".

Even though Iran is denying that any direct negotiations are taking place, following a big flare-up this week in new tit-for-tat fighting which involved Iran sending more missiles and drones on Gulf states, especially Kuwait, the reference to 'final negotiations' was possibly enough to get oil prices to react, with a drop in crude.

There was also a report that the White House intends to maintain a ceasefire with Iran unless American troops are killed.

As for the House vote, it was seen as a rare direct rebuke of Trump and the fact that this war - which the American public was promised would be a 'short' military action of possibly a few 'days' or 'weeks' - is now approaching 100 days, and the war powers passed 215-208, with the four Republicans joining all Democrats in voting yes being Brian Fitzpatrick of Pennsylvania, Thomas Massie of Kentucky, Tom Barrett of Michigan and Warren Davidson of Ohio.

Trump's new apparent strategy to just wait things out with no new planned military attacks has been featured in The Wall Street Journal as follows:

President Trump has told aides privately that he would consider ending the ceasefire with Iran if Tehran kills American troops, U.S. officials said, insisting that the weekslong pause in airstrikes remains intact despite a steady stream of violent skirmishes.

The president’s reluctance to reignite the war suggests he might be willing to withstand smaller flare-ups for weeks—or even months—to avoid a broader conflict in the Middle East.

And Rubio appeared to second this in fielding questions about this week's violence:

Secretary of State Marco Rubio described the tit-for-tat attacks as purely defensive in nature and not a renewed outbreak of full-scale war. 

“They are happening in response to an Iranian action,” Rubio said in a House hearing Wednesday. “If they don’t shoot at those ships, we don’t shoot, but we have to respond.”

More evidence of Trump's apparently high tolerance for what he deems a violation of ceasefire:

Trump on Iran:

In that part of the world, a ceasefire is when you are shooting in a more moderate manner. pic.twitter.com/0mLQXf9mW8

— Clash Report (@clashreport) June 3, 2026

In Lebanon, there is some remotely positive news, with Lebanon ‌and Israel ​saying had ⁠agreed ​to implement ⁠a ceasefire during talks in Washington and overseen by the US; however, once again the deal is contingent on Hezbollah agreeing to the ceasefire.

"That cease-fire is conditional on Hezbollah also stopping fighting, but in theory, the news helps to take out a key sticking point in the U.S.-Iran talks that was holding up a deal. So that’s seen oil prices reverse a run of three [days of] consecutive gains," Deutsche Bank analyst Henry Allen stated in a research note.

Trump rages at House's successful War Powers vote, which could portend a political shake-up going into this Fall's midterm elections:

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