Trump Predicts End of Iran War After Mid-Term Elections, Forecasts Drop in Oil Prices
President Donald Trump stated that the war with Iran is expected to end shortly after November's mid-term elections and predicted a significant drop in oil prices following this development. Despite recent tensions, including attacks on Saudi oil infrastructure and Houthi advances threatening shipping routes, there are indications of diplomatic efforts between Iran and Gulf states through Oman. Oil prices retreated slightly on Friday but still showed strong weekly gains, with Brent crude settling above $104 a barrel and WTI exceeding $100. Iranian President Masoud Pezeshkian emphasized that Iran will not surrender to U.S. or Israeli aggression, while Trump suggested Iran was likely responsible for recent drone attacks targeting Saudi Arabia's East-West pipeline. The geopolitical situation remains volatile as regional tensions persist, with the Strait of Hormuz being a focal point in ongoing conflicts between the U.S., Iran, and Gulf states.
Topics: Iran oil prices Trump U.S. politics