Oil prices to fall after Iran operation ends, says Trump amid surge due to Middle East conflict
Oil prices have surged significantly amid escalating U.S.-Israel military actions against Iran. President Donald Trump anticipates a price drop once operations conclude. The conflict is disrupting vital oil and gas shipments in the Middle East. Tankers are avoiding key waterways, increasing global shipping rates. Concerns are high as Iran issues warnings regarding passage through the Strait of Hormuz.