US President Trump says Iran detour is working out nicely and sees oil prices going down rapidly once the war is over
Context
President Trump's comments suggest a potential easing of tensions with Iran, which, if realized, could lead to a drop in oil prices as geopolitical risk subsides. The expectation of declining oil prices may have broader implications for inflation, energy markets, and currencies linked to commodity prices, particularly the USD and emerging market currencies dependent on oil exports.
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