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Energy prices ease amid hopes Trump will soon call halt to Iran war
Trump’s remarks on a near end to the Iran war eased fears of prolonged supply disruptions, causing oil prices to drop over 6% after surging nearly 29% earlier, experts said.
- On Tuesday, global oil prices fell sharply after US President Donald Trump signalled the war could end soon; Brent dropped about 8.5% to around $92.50 and US oil fell roughly 9% to about $88.60.
- During a Florida press conference, Trump called the conflict a 'short-term excursion' but warned Iran it would be hit 'TWENTY TIMES HARDER' if it blocked shipments through the Strait of Hormuz.
- Asian markets climbed as Japan's Nikkei 225 rose about 2.8% and South Korea's Kospi gained 6.2%, while US Treasury yields fell with the 10-year at 4.117% and the 2-year at 3.563%.
- G7 leaders and energy ministers scheduled a virtual meeting later Tuesday to consider coordinated reserve releases, with International Energy Agency Executive Director Fatih Birol saying, 'We discussed all the available options, including making IEA emergency oil stocks available to the market'.
- Despite the retreat, prices remain about 30% above earlier levels and the Strait of Hormuz remains closed, with JPMorgan Chase analysts warning that bottlenecks risk lasting supply losses.
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342 Articles
Ex-Bush advisor: Trump's Iran war is a 'catastrophe' built on lies
Steve Schmidt, a Republican political strategist who famously advised President George W. Bush and Sen. John McCain (R-Ariz.), warned on his Tuesday Substack that President Donald Trump’s war against Iran is a “catastrophe.”“The lies never, ever stop,” Schmidt wrote. He played clips of Trump saying America is more respected in the world than ever before and that the Iran war has been “one of the most stunning operations ever conducted.” He also …
Oil has experienced a fall this Tuesday of about 15%, touching the $80 per barrel, following statements by U.S. President Donald Trump about a possible end to hostilities in the war against the ayatollah dictatorship in Iran, a turn that has relieved global markets and generated a respite on Wall Street. The fall in crude oil occurred after the futures of Brent, the world leader, briefly approached its highest levels since 2022, amid geopolitica…
BN Briefing: Oil whipsaws on Trump comments, UBS on energy risk, and Cy Jacobs’ wealth building tip
Oil prices swing sharply as President Trump signals the Iran war could end “very soon”, with markets watching for a peace off-ramp, potential strategic reserve releases and safer passage through the Strait of Hormuz. We then track pockets of strength in South African results from Absa, Attacq and Weaver Fintech. UBS’s Adrian Zuercher says the main macro “transmission” from the conflict is through energy prices, before 36ONE’s Cy Jacobs shares a …
Oil price shock instead of quick victory! Trump's Iran war is becoming a political trap and the president suddenly looks back on the way.
Donald Trump now asserts that the war against Iran is "almost over" and conducted "very well ahead of schedule." A flash victory story to prove that the US President's military operation would not resemble Iraq or the "unending wars" honored by Camp MAGA.
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