Trump: Oil Prices to Return to Pre-War Levels

US President Donald Trump stated that the US will soon achieve victory in its war with Iran, predicting that the end of fighting will cause oil prices to fall significantly back to pre-war levels. He made the remarks to Fox News on the sidelines of a golf tournament near Chicago. Trump claimed the US has already won militarily but will not stop there, asserting a major victory is being achieved. His comments come amid ongoing war impacts on energy markets and shipping through the Strait of Hormuz, a key global oil and gas trade route. Trump said ending the war would remove much of the pressure driving energy prices higher. However, potential restrictions on diesel exports could reshape US product flows between domestic and foreign markets, possibly affecting fuel prices at home and abroad.