US President Donald Trump has said he expects the war with Iran to end soon after the November midterm elections. He also predicted that oil prices, which have crossed $100 a barrel amid the conflict, will fall sharply once the fighting ends.
Trump accused Iran of trying to influence the US elections by prolonging the conflict. He said Tehran was under increasing pressure and would not be able to continue the fight for much longer. Trump also indicated that while he is not currently seeking negotiations with Iran, a deal has not been completely ruled out.
Tensions have further increased around the Strait of Hormuz, a key global oil shipping route. Iran’s Revolutionary Guard has announced restrictions on vessels entering a newly designated maritime zone without coordination, while the US has continued military operations against Iranian targets.
The escalating confrontation has disrupted oil shipments and pushed Brent crude above $100 per barrel. The latest price surge has raised concerns about higher fuel costs and inflation around the world.
Iran has also retaliated against US military positions in the region, including a base in Jordan. The latest escalation has increased concerns over the safety of commercial shipping through the Strait of Hormuz, through which a major share of global oil supplies normally passes.
The conflict is now creating growing economic and political pressure in the US ahead of the midterm elections. Trump has maintained that once the war ends, oil and fuel prices will begin falling, but the exact timeline remains uncertain.
