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Asia Markets Rebound, Oil Dives as Trump Says Iran War Could End Soon
President Trump warned of severe retaliation if Iran blocks Strait of Hormuz oil shipments and praised US-Israeli strikes as highly complex, with crude prices reacting sharply.
- On March 10, 2026, Trump said the Iran war could end very soon while warning Iran of severe retaliation at Miami's Doral golf club.
- With interceptions across West Asia, Qatar shot down 17 ballistic missiles and six drones, while the UAE detected 15 missiles destroying 12 on Monday.
- Following Mr. Trump's remarks, global oil traders pushed crude prices from $117 to $84 per barrel, stabilising afterward.
- Diplomatic officials said, Iran's Kharazi stated Iran is prepared for a long war and sees no room for diplomacy unless economic pressure prompts intervention.
- He also praised US-Israeli operations and said Washington still seeks ultimate victory over Tehran's leadership.
118 Articles
118 Articles
Trump says Iran war could end soon, but warns of U.S. strikes ‘twenty times harder’
U.S. President Donald Trump said Monday that the war against Iran could be short-lived, but he left open the possibility of an escalation in fighting if global oil supplies are disrupted by the Islamic Republic, which chose a new hard-line supreme leader.Oil prices briefly shot to their highest level since 2022 a day after Iran selected Ayatollah Mojtaba Khamenei to succeed his late father as Iran’s supreme leader. Investors saw it as a signal t…
Donald Trump calms down to markets - after the barrel of crude was fired on Sunday to 119 dlars - by sliding end of war against Ir n.
China’s energy defences ease sting of Iran war instability
Oil prices tumbled and China stocks rebounded after US President Donald Trump said the war in Iran could be over “very soon” and that he could waive sanctions to ease a global squeeze on crude supply. Brent crude, the global benchmark, fell back down to about US$90 a barrel after surging to almost US$120 on Monday. Hong Kong’s Hang Seng Index climbed 2.2 per cent and the mainland CSI 300 Index rose 1.3 per cent. Both stock gauges are still down …
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