Institution: With the market hopeful for the end of conflicts, oil prices are falling.

Amid expectations for a resolution to the US-Iran conflict outweighing concerns of a new outbreak of conflict, crude oil futures settlement prices are falling. John Kilduff of Again Capital said, "The oil market clearly senses that President Trump wants to end this thing." He added that people are increasingly worried that the US will "agree to any terms to temporarily end this, allowing these prices to truly come down." Kilduff said that a small number of oil tankers passing through the Strait of Hormuz will not solve the problem, as the market has relied on reserves, but with the strait still effectively closed, stocks are diminishing. "In my view, the cliff is in early July. Early July is when the real trouble hits." West Texas Intermediate crude fell 2.7%, to $90.54 a barrel, while Brent crude fell 2% to $93.09.