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Oil Prices Drop After Trump Signals Iran War May End Soon. Oil prices dropped sharply on Tuesday after U.S. President Donald Trump suggested the war in the Middle East could end sooner than expected. Brent crude fell more than four percent to around 95 dollars a barrel, while U.S. West Texas Intermediate dropped about four percent to just over 90 dollars. The decline followed a surge the previous day, when oil briefly climbed above 100 dollars a barrel — its highest level in more than three years. Markets had rallied amid fears that the expanding conflict between the United States, Israel, and Iran could severely disrupt global energy supplies. However, prices pulled back after Trump said the war against Iran was progressing faster than anticipated and might conclude soon. Reports of diplomatic discussions, including proposals from Russian President Vladimir Putin aimed at ending the conflict, also helped calm market concerns. Still, analysts warn that tensions in the region remain high, meaning oil markets could stay volatile in the coming weeks.
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