US President Trump says Iran war will end ‘very quickly’, oil prices will ‘drop like a rock’

Members of Hashed al-Shaabi forces carry a portrait of late Iranian Supreme Leader Ali Khamenei as they ride over a US flag during a symbolic funeral procession, in Baghdad. Pic/AFP

US President Donald Trump stated that the war with Iran would conclude "very quickly" and predicted oil prices would "drop like a rock" once hostilities end. Depicting Iran as economically devastated with 301 per cent inflation and militarily crippled with its navy and air force destroyed, Trump asserted Tehran faces a decisive choice on how the conflict resolves.

To mitigate energy costs, Trump mentioned the US might request the release of diesel reserves from an European nation. Acknowledging elevated crude prices, he maintained they remain lower than under former President Joe Biden. He also emphasised that the US has sustained petroleum transit despite Iranian constraints near the Strait of Hormuz, promising that Iran will never acquire a nuclear weapon.

[popcorn number="301%" desc="Inflation Iran is dealing with, as per Trump" class="Default"]

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever