‘Oil Prices Will Crash…’ — Trump Claims Iran Conflict Is Ending!

New Delhi: The world is grappling with a severe oil and gas crisis stemming from the US-Iran conflict and the closure of the Strait of Hormuz. The ongoing surge in crude oil prices has heightened the risk of inflation, and its adverse effects have been felt across a wide region—from Britain to Pakistan, Bangladesh, and India. Regarding crude oil prices, they have consistently hovered above $110 per barrel over the past few days; however, US President Donald Trump has signaled that these prices could soon crash. Trump has asserted that the conflict with Iran will end shortly, and oil prices are set to plummet.

Iran Desperate; Oil Set to Become Cheaper
Donald Trump has stated that crude oil prices will fall rapidly and that the conflict with Iran will conclude very soon. He claimed that Tehran is eager to reach an agreement with the US and noted the existence of vast oil reserves in the country; should an agreement be reached, global crude oil prices would soon witness a significant decline. According to Trump: “There is so much oil there that prices will tumble rapidly. They are so desperate to make a deal that you will soon see a major drop in oil prices.”

Nations Working to Broker a Deal
Speaking at the White House, Trump revealed that Saudi Arabia, Qatar, the UAE, Kuwait, Bahrain, and other nations are working collectively as a team to broker an agreement. Furthermore, the US is giving Iran a limited window of time to reach a settlement, as the country cannot be permitted to possess nuclear weapons. Expressing his concerns regarding this matter, Trump warned that if Iran were to acquire nuclear weapons, it would inevitably use them.

‘The Attack Was Just One Hour Away…’
During a press conference, US President Donald Trump also made the revelation: “I was on the verge of ordering an attack on Iran, but I changed my mind after receiving phone calls from various mediators—including Qatar, Saudi Arabia, Kuwait, and the UAE. They conveyed that Tehran was adopting a constructive stance in the peace negotiations.” Trump further stated that, prior to this, he was just one hour away from launching an attack on Iran, and they were fully prepared.

Prices Ease Following Trump’s Announcement
The impact of these claims made by Donald Trump—regarding crude oil and the potential conflict with Iran—has also become evident. On Wednesday, crude oil prices witnessed a slight softening in the international market; nevertheless, they continue to hover above the $110-per-barrel mark due to supply disruptions in the Middle East.

Analysts are also keeping a close watch to see whether Washington and Tehran might reach a peace agreement amidst the shifting stance of the United States. Some experts suggest that, despite the recent easing in crude oil prices, oil rates are likely to remain elevated due to the risk of renewed attacks on Iran by the U.S.