Trump declares US war on Iran nearing end, oil prices dip below $90
President Donald Trump said the United States remains prepared but sees the conflict with Iran winding down, prompting Brent crude to fall to its lowest level since August.
President Donald Trump told reporters at the White House that the United States is "locked and loaded, ready to go for any reason" but that escalation with Iran is not needed. He added that momentum is moving toward the end of the conflict and that it is likely to conclude soon. Following the remarks, Brent crude fell below $90 a barrel, its lowest price since August.
Trump also said that Israel and Gulf allies are well protected from Iranian actions. No further details on the timeline or conditions for a complete resolution were provided.
In related developments, a Republican lawmaker introduced articles of impeachment against Defense Secretary Pete Hegseth, accusing him of unauthorized war actions. Additionally, the U.S. military relocated two refueling tankers from RAF Mildenhall to Germany after a reported Iranian threat.
"We’re seeing momentum toward the end of this conflict. I think it’s going to be ending fairly soon," Trump said.
The oil market response reflects investor expectations that reduced tension could ease price pressures.