Trump’s Iran Comments Could Lower Gas Prices—But A Catch - United States Oil Fund (ARCA:USO)
Brent and West Texas Intermediate fell about 1% as traders weighed signs of progress in U.S.-Iran talks against supply disruption risks.
- Oil prices fell about 1% on Wednesday after President Donald Trump asserted the war with Iran will end "very quickly," though investors remain wary about peace prospects amid Middle Eastern supply disruptions.
- Trump's optimism follows his decision to postpone a planned attack on Iran after requests from the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, and Saudi Crown Prince Mohammed bin Salman, who sought time for diplomatic negotiations.
- Market analysts remain skeptical; LSEG research analyst Emril Jamil warned that "prices are likely to still exhibit some upside potential even if a deal is concluded, given that supply will likely not return to pre-war levels immediately." U.S. crude stockpiles fell for a fifth straight week.
- The U.S. Senate voted 50-47 on Tuesday to advance a War Powers Resolution restricting the President's authority to initiate hostilities against Iran without explicit congressional authorization, reflecting growing unease over the administration's strategy.
- Citi analysts project Brent crude could reach $120 a barrel in the near term, while Wood Mackenzie warns prices could approach $200 if the Strait of Hormuz remains largely closed through year-end, underscoring persistent supply risks.
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Trump’s Iran Comments Could Lower Gas Prices—But A Catch - United States Oil Fund (ARCA:USO)
GasBuddy analyst Patrick De Haan on Wednesday shared that he expects fuel costs in the U.S. to come down as President Donald Trump says talks with Iran are in the final stages. National Average Price To Drop In a post on X, De Haan shared that people could see “the national average start to drop tomorrow.” De Haan outlined that the reason behind the price drop could be because of “oil’s large selloff.” He also shared that prices could come down …
Trump’s Iran Endgame: Will It Crush Oil Prices?
President Trump is betting that ending the Iran war on America’s terms will crush sky‑high oil prices—but hostile media keep casting his peace push as a “risk” instead of a relief for working families. Story Snapshot Trump says the Iran war can end “very quickly” because Tehran “wants a deal so badly,” while critics insist...
Global oil prices drop below $106 a barrel on hopes that U.S.-Iran war will soon end
Oil futures were extending their declines on Wednesday following reports that a new round of negotiations between the U.S. and Iran will be held in Pakistan, raising hopes for a resolution to the months-long stalemate in the Middle East. Article Attribution | Read More at Article Source The post Global oil prices drop below $106 a barrel on hopes that U.S.-Iran war will soon end appeared first on RocketNews.
Oil prices slump after Trump comments on Iran war
Oil prices lost more than 2% today after US President Donald Trump again asserted that the Iran war will end "very quickly", though investors remain wary about the outcome of peace talks as disruption to Middle Eastern supply continues.
Trump: Iran question will be finished with 'very quickly,' they won't have a nuclear weapon
Trump says Iran wants deal “so badly,” predicts a quick end to war while emphasizing that Iran will not be permitted to have a nuclear weapon. By World Israel News Staff President Donald Trump said Tuesday that the war with Iran could end “very quickly,” portraying Tehran as weakened and eager for a deal while warning that the US would not tolerate any Iranian move toward a nuclear weapon. Speaking at the White House congressional picnic, Trump …
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