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Oil Prices Dip Under $100 After Trump Says Iran War ‘Very Complete’

Summary by Semafor
Oil prices dipped on Monday after US President Donald Trump said the war against Iran was “very complete” and the G7 pledged to release oil reserves if needed to lessen the conflict’s economic blow.Global stocks fell earlier Monday after crude first surged past $100 a barrel, but the subsequent drop shows markets are “pricing in a crisis, not a catastrophe,” an oil commentator wrote in a Semafor column.Trump, who later walked back his comments o…

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Semafor broke the news in New York, United States on Monday, March 9, 2026.
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