Trump Predicts Imminent End to Iran Conflict, Oil Prices to Drop

US President Donald Trump has expressed optimism that the ongoing military conflict with Iran will soon come to an end, predicting that oil prices will subsequently drop. This prediction comes amidst a fragile ceasefire between the US-Israel coalition and Iran, following joint military actions earlier this year.

The conflict began with strikes on Iranian infrastructure and has persisted with intermittent violations of the ceasefire and no comprehensive peace settlement.

Trump attributed the current rise in oil prices to policies under former President Joe Biden. Market pricing indicates a decrease in the probability of crude oil reaching a new all-time high, consistent with Trump's prediction of falling oil prices.