US crude slumps below US$100 after Trump announces two-week ceasefire

US crude oil prices have fallen below $100 per barrel after President Trump announced a two-week ceasefire. This move is expected to have significant implications for the global oil market and the US economy. The ceasefire is likely to lead to increased oil production and reduced tensions in the region, which could further impact oil prices. The announcement has already led to a slump in US crude prices, with investors closely watching the situation for further developments.