Oil futures fell sharply today following reports that President Trump will declare the U.S. military operation against Iran a success and announce a two-to-three-week timeline for conflict resolution. Front-month WTI crude traded down 1.9% to $98.24 per barrel while Brent crude dropped 1.3% to $99.85. The market reaction reflects markets pricing in de-escalation, according to Fawad Razaqzada, a market analyst at FOREX.com, who cautions it still feels premature. This development follows Trump's address where he's expected to tout the operation as exceeding all benchmarks, though specific details remain scarce beyond the timeline mention.

The price decline suggests investors are betting on reduced geopolitical risk in the Middle East.