Trump Predicts Oil Prices Will Plummet as Iran War Nears End

US President Donald Trump has stated that the Iran war will be over soon and predicts oil prices will plummet. In an interview, Trump claimed he is right to reject the current deal with Iran, which has been met with skepticism by some experts.

Iran's foreign minister has said Tehran is ready for a 'doomsday war' as tensions continue to rise between the two nations. The Strait of Hormuz has become a focal point in the conflict, with Trump stating that Iran 'outsmarted themselves' over the strait. He also rejected an Iranian ceasefire proposal, saying it would be a bad deal.

Experts have differing opinions on the situation, with some predicting oil prices will fall drastically once the war ends. Bessent predicted that Iran will have 'nothing left' to trade in coming weeks, which could lead to lower oil prices.