U.S. President Donald Trump has said the ongoing conflict between the United States and Iran could end soon, seeking to reassure global markets rattled by rising oil prices and escalating tensions across the Middle East.
Speaking during a press briefing, Trump described the military campaign as nearing completion and suggested the situation may stabilise shortly, despite continued hostilities in the region.
“We’re very far ahead of schedule. It’s going to be over soon,” Trump said while addressing reporters.
Markets react to war fears
The conflict has triggered sharp volatility in global financial markets. Oil prices surged above $100 per barrel, the highest level since the outbreak of the Russian invasion of Ukraine in 2022, as concerns mounted over disruptions to global energy supply.
However, prices later declined after Trump’s comments raised expectations that the war might end sooner than anticipated. Brent crude fell sharply while global stock markets began recovering from earlier losses.
Asian markets, including major indexes in Tokyo and Seoul, recorded gains after investors reacted positively to signs of possible de-escalation.
Strait of Hormuz crisis raises global concern
The conflict has also intensified concerns over the security of the Strait of Hormuz, one of the world’s most critical oil shipping routes.
Nearly 20 percent of global oil supply passes through the narrow waterway, making any disruption a major risk for global energy markets and international trade.
Iranian forces have reportedly targeted regional infrastructure and launched missile attacks across parts of the Middle East as tensions escalate.
Energy analysts warn that prolonged instability around the Gulf could trigger wider economic consequences if oil shipments remain disrupted.
Iran pushes back
Despite Trump’s optimistic outlook, Iranian officials insist they will decide when the conflict ends.
Leaders within Iran’s Revolutionary Guards have vowed to continue resisting U.S. and allied operations, warning that Tehran will not allow oil exports from the region if military strikes continue.
The conflict has already expanded across multiple fronts in the Middle East, increasing fears of a broader regional war involving several countries.
Global economy on edge
Experts say financial markets will continue to react sharply to developments in the conflict, particularly those affecting oil supply routes and regional security.
While Trump’s remarks have eased short-term fears among investors, analysts caution that geopolitical tensions remain high and the outlook for global energy markets is still uncertain.
