Jet fuel prices fell sharply after US President Donald Trump called off Thursday night’s strikes against Iran at the last minute. Trump claimed yet again that a peace deal would be signed within the next few days — at least the 39th time he’s done so during the more than three-month conflict, according to US news service CNN. Oil traders have believed him each time. Thursday’s promise came with assurances that the Strait of Hormuz could reopen as soon as this weekend. Benchmark ICE low-sulfur gasoil futures crashed below $1,000 per metric ton for the first time since the chaotic early days of the war on Jun. 12, hovering just above $950/ton ($127.35 per barrel) by midday in London. Singapore f.o.b. jet fuel prices were still 49% higher than pre-conflict levels at $134.81/bbl at Thursday’s close. That was before expected heavy overnight losses. US Gulf Coast spot prices remained 32% higher at $134.81/bbl, while delivered jet fuel prices in Rotterdam were still up 36% at $142.88/bbl.