Trump says Iran war will end 'very quickly', oil prices will 'come tumbling down'

Economic Times - Oct 8, 2026

US President Donald Trump stated that the ongoing war with Iran will conclude rapidly, affecting global oil prices. He emphasized the need to eliminate Iran's nuclear capabilities, asserting that their economy is struggling. Meanwhile, Iranian officials rejected claims about their oil minister's resignation, asserting internal political stability. US Vice President JD Vance highlighted that negotiations depend on Iran reducing nuclear enrichment.

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