Kryptonite for Crude Oil? Iran's Peace Talks Send Prices Plummeting Faster Than a Locomotive!

Faster Than a Speeding Bullet... Down Go Oil Prices!

Greetings citizens of Earth! Superman here reporting live from... well everywhere. Seems like even the mighty oil market isn't immune to a little peace talk kryptonite. Crude oil prices took a bigger tumble than Lex Luthor's approval ratings today all thanks to whispers of Iran wanting to bury the hatchet (or you know the missile launcher) with Israel. US crude oil dropped faster than I can change in a phone booth ending up at $71.05 a barrel. Looks like 'truth justice and the American way' might extend to affordable gasoline after all!

Iran to Trump: 'If you seek peace prepare for... Negotiations!'

Word on the street (or in my case from high above the street) is that Iran is open to chatting again so long as Uncle Sam keeps his cape out of Israel's air show. They're apparently asking Saudi Arabia and other friendly nations to nudge the former guy President Trump into pressuring Israel for a ceasefire. I always knew diplomacy was a powerful weapon. It's like my heat vision but for international relations! And Trump? Well he’s being Trump basically saying they should've called sooner. Sounds like a classic case of 'Kneel before Zod!'... wait wrong script. But you get the idea.

From $77 to $71: A Barrel of Laughs (for Consumers Anyway)

Remember when oil prices were soaring higher than I do on a sunny day hitting $77.49 after some unfortunate incidents involving Israeli drones and Iranian gas facilities? Yeah good times... for oil companies anyway. But then reality set in faster than you can say 'up up and away!' The conflict hasn't (yet) turned the global economy into a burning inferno and the Strait of Hormuz is still open for business. Turns out even supervillains can have off days.

Trump's $50 Dream: Cheaper Gas Than a LexCorp Plot!

The word is that the Trump administration wants prices to be closer to $50 a barrel. Talk about a bargain! It sounds like a good deal as long as it doesn't involve selling Metropolis to Lex Luthor for a shiny new skyscraper. Experts at Rystad Energy are saying this whole shebang is likely a short lived squabble because nobody wants things spiraling faster than I can catch a falling Lois Lane. Seriously it’s a gift and a curse.

Strait of Hormuz: To Close or Not to Close That is the Question!

Now about that Strait of Hormuz. Apparently one fifth of the world's oil cruises through there. And a senior commander is hinting they might slam the door shut. Goldman Sachs thinks that would send oil prices soaring past $100 faster than a speeding... you know the rest. But other smart cookies are saying closing it would be tougher than stopping me from rescuing a kitten from a tree. After all the U.S. Fifth Fleet is hanging out nearby probably playing poker and waiting for something interesting to happen.

Mine the Straits? Not on My Watch!

Of course even if Iran can't fully close the Strait they could still mine it. Seriously? Like some kind of real world Mario Kart gone wrong? Never fear citizens! If anyone tries anything fishy in those waters Superman will be there faster than you can say 'Look up in the sky!' Though honestly I'd prefer it if everyone just played nice. Maybe a giant game of tag around the world? Loser buys everyone ice cream!