Trump says Iran war may end after midterms, sees oil prices falling
Iran war outlook: Trump says conflict may end soon, easing oil prices See how midterm timing, pipeline attacks, and Hormuz talks could move markets
President Donald Trump said on Saturday that he expects the Iran war to end shortly after November’s midterm elections and that oil prices would fall once the conflict eases.
His remarks came during a trip to Ireland as crude prices pulled back from earlier highs but still posted large weekly gains. Brent settled at $104.61 a barrel and U.S. West Texas Intermediate closed at $100.05.
The article also notes that tensions in the region remain elevated. Saudi Arabia said drone attacks disrupted its EastWest pipeline, while reports from Iranian and Gulf officials suggested planned talks in Oman about the Strait of Hormuz. Trump also said the Houthis had contacted his administration and claimed they did not want to fight the United States.