Oil news

US President Trump says "we can destroy power plants in one hour, but if we do that, rebuilding will take years", says "war is a small price to pay after years of Iranian regime terrorism, and oil prices will fall once it ends", Al Jazeera reports citing

Newsquawk Staff ·

US President Trump says "we can destroy power plants in one hour, but if we do that, rebuilding will take years", says "war is a small price to pay after years of Iranian regime terrorism, and oil prices will fall once it ends", Al Jazeera reports citing.

What it means

Trump's comments highlight a potential escalation in geopolitical tensions concerning Iran, which could lead to volatile movements in energy prices and impact market sentiment. His assertion that oil prices will drop post-conflict suggests a belief in resolving tensions swiftly, but the highlighted destruction of infrastructure raises concerns about longer-term stability in the region. Traders should be alert to how these comments might influence risk sentiment across equities and commodities, particularly oil and safe havens like gold.

Related headlines