Trump Predicts Quick Resolution to Iran Conflict Amid Oil Concerns

In a recent statement, U.S. President Donald Trump suggested that the conflict with Iran might end sooner than anticipated, highlighting the progress of military operations.

During a scheduled press conference in Florida, Trump expressed optimism about resolving the conflict, although he acknowledged it would not conclude within a week. He noted that U.S. military operations have achieved significant milestones, hitting thousands of targets and reducing Iran's missile capabilities by roughly 10%.

Despite this progress, Trump indicated that operations would persist until the administration achieves its objectives, which could prolong the conflict and unsettle global financial markets, particularly the oil market. The price of U.S. crude briefly surged above $119 per barrel before falling below $90.

Meanwhile, the G7 finance ministers are preparing to intervene if necessary to stabilize global energy supplies, closely monitoring developments in the energy market.