Trump Vows 'Very Soon' Victory in Iran War, Predicts Lower Gas Prices

U.S. President Donald Trump on Monday asserted that the United States would win its ongoing war with Iran "very soon," and predicted that a victory would lead to a significant drop in gasoline prices.

The remarks, made to reporters in the Oval Office, introduce a specific timeline for the conflict's resolution while also linking the outcome directly to domestic energy costs for consumers.

Presidential Remarks

President Trump stated that U.S. officials had been in contact with mediators working to end the conflict. He projected confidence about the outcome, telling reporters, "We’re going to win, as far as I’m concerned, it’s going to be one way or the other," according to a Reuters report.

He added that he expected the resolution would "go pretty quickly." Following a U.S. victory, Trump said that gasoline prices would "come tumbling down."

Oil Market Reaction

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The president's comments come as geopolitical tensions in the Middle East continue to provide support for crude oil prices. Heightened conflict in the region often raises investor concerns about potential disruptions to global energy supplies.

As of Monday afternoon, key oil benchmarks were trading higher:

• West Texas Intermediate (WTI) futures were up 0.52% to $92.89 per barrel.
• Brent crude futures, the international benchmark, gained 0.78% to trade at $98.20 per barrel.

These price movements reflect the market's current focus on supply risks associated with the instability, a factor that typically pushes energy prices higher.