In anticipation of the upcoming US midterm elections, President Donald Trump has expressed confidence that the ongoing conflict between the United States and Iran will conclude soon after. Addressing reporters in Dublin, Trump predicted a significant drop in oil prices once the hostilities end, suggesting that Iran may be extending the conflict to influence the election outcomes.
Meanwhile, Iranian President Masoud Pezeshkian, speaking at the BRICS Summit in New Delhi, emphasized Iran’s preference for peace over conflict. He stressed that regional security should be managed by local countries, rather than relying on US intervention.
The prolonged conflict has significantly impacted energy markets, with tensions around the strategically vital Strait of Hormuz contributing to soaring oil prices, which have recently surpassed $100 per barrel.
Despite ongoing attempts to broker a settlement, a lasting resolution remains elusive, and sporadic fighting continues at a reduced intensity. The persistent uncertainty surrounding the conflict has sparked concerns about the stability of regional security and global energy supplies.
