economy
March 10, 2026
Oil price falls to near $90 a barrel after Trump's statement that the war will end very soon
The benchmark oil price fell today after US President Donald Trump said the war with Iran would end "very soon."
TL;DR
- Reference oil price fell after President Trump stated the war with Iran would end "very soon."
- Prices had jumped over $100 per barrel before Trump's comments.
- Oil price is now closer to $90 per barrel but remains higher than pre-war levels.
- The war has impacted oil production and transport from the Persian Gulf.
- Iran has warned it will not allow "a drop of oil" export from the region if US-Israeli attacks persist.
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