PANews reported on April 1st that, according to Jinshi, international oil prices fell sharply after Trump stated that the US would withdraw from Iran within two to three weeks, regardless of whether a deal was reached. WTI crude oil fell below $98 per barrel, down 3.78% on the day; Brent crude oil is currently down 3.3%. Thomas Mathews of Capital Economics stated, "Hopes of de-escalation have boosted the market, but we believe that even if the war ends quickly, its effects will persist in many cases. After all, both sides have released positive signals in other phases of the war, but many of them ultimately failed."