Trump says Iran war will end very soon, oil prices will drop
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Oil prices, Stocks
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The decline snapped multi-day winning streaks for both Brent and WTI crude oil futures.
Oil has climbed above $100 a barrel as the war with Iran disrupts global energy markets, putting pressure on gasoline, transportation, food and other household costs.
The warning comes after the US-Iran conflict drives up heating oil and fuel costs.
Oil fell after surging in the previous session, as traders assessed growing risks to Middle East crude exports following fresh territorial gains by Iran-backed Houthi militants in Yemen.
Foreign ministers from the Gulf Cooperation Council—which is comprised of Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman—will meet their Iranian counterpart on Monday.
Austrian central bank governor Martin Kocher says risk of elevated inflation is higher than it was a few months ago
International oil prices have increased ahead of the Energy and Petroleum Regulatory Authority (EPRA)’s September 2026 fuel price review, according to the CBK.
The price of diesel is hitting record highs just as many U.S. farmers are harvesting two of the nation’s largest commodities, soybeans and corn