US President Donald Trump anticipates that the ongoing conflict with Iran will conclude following the US midterm elections in November. He predicts that oil prices, which have surged due to the dispute, will significantly decrease once the hostilities cease.
While addressing reporters in Dublin, Trump suggested that Iran is deliberately extending the conflict to sway the outcome of the US elections. However, he expressed optimism that the war might end shortly after the midterms, leading to a substantial reduction in oil prices.
Iranian President Masoud Pezeshkian, on the other hand, emphasized that Iran does not seek war or prolonged strife. Speaking at the BRICS Summit in New Delhi, Pezeshkian reiterated that peace is a priority for Iran and advocated for regional security to be maintained by countries within the region, rather than relying on US intervention.
The conflict has caused significant disruptions in energy markets, with tensions around the strategic Strait of Hormuz contributing to a notable increase in oil prices, which have recently exceeded $100 a barrel. The volatility in crude prices underscores the far-reaching impact of the US-Iran tensions on global energy supplies.
Despite efforts to negotiate a resolution, lasting progress has proven elusive, and hostilities have persisted at a reduced intensity. The ongoing uncertainty surrounding the conflict continues to raise concerns about the stability of regional security and the future of global energy resources.
