Crude oil prices are falling, and traders weigh US President Donald Trump's claims about an “energy cease-fire” between Russia and Ukraine, despite escalating hostilities in the Middle East. Brent crude oil futures fell below $104 per barrel, ending a two-day rally; WTI crude oil prices returned below $91 per barrel. Trump posted on social media that the energy cease-fire took effect immediately. He made similar claims last month, but Ukrainian President Volodymyr Zelensky said no final agreement had been reached. Despite another attack on Saudi Arabia's main airport and another attack on oil tankers near the Strait of Hormuz, oil prices have fallen. King Khalid International Airport, the capital of Saudi Arabia, was attacked again by the Houthis on Sunday; the day before, the airport was attacked, killing 12 people. Brent crude futures settled in December fell 1.4% to $103.29 a barrel. WTI crude oil futures for November delivery fell 1.5% to $90.49 per barrel.

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