Politics · International Relations
Trump Forecasts Plunge in Oil Prices as War End Nears
U.S. President Donald Trump announced that global oil prices will drop sharply once the conflict with Iran concludes, pointing to recent increases in U.S.-escorted crude flows through the Strait of Hormuz. Despite rejecting Tehran's proposal to fully reopen the maritime transit corridor on Iranian terms, Washington expressed confidence that ongoing military pressure will compel Tehran to concede, securing long-term regional stability and lowering global energy costs.