Trump Predicts Oil Price Collapse Amid Easing Tensions with Iran

US President Donald Trump stated that the conflict involving Iran will soon come to an end, either through agreement or military action. He predicted that oil prices would plummet once the fighting subsides, potentially returning to pre-conflict levels.

Trump claimed that Iran's leadership, navy, air force, and economy have suffered significant damage, with inflation exceeding 300 percent in some areas. However, he did not provide further details to support this figure.

The president emphasized that preventing Iran from acquiring nuclear weapons remains a top US priority, reiterating his stance on the issue.

In addition, Trump discussed Europe's diesel reserves and its potential role in global energy markets. He noted that European countries have significant stockpiles of diesel fuel and could help alleviate fuel pressures. The G7 has agreed to release 100 million barrels of oil and refined products to address supply chain disruptions.