Mar 10 • 14:16 UTC 🇲🇽 Mexico El Financiero (ES)

Trump says war against Iran will end ‘soon’... and gas and oil prices fall: How much do they drop?

President Donald Trump stated that significant progress is being made by the U.S. and Israel in the war against Iran, which has led to a reduction in oil prices despite ongoing conflicts.

President Donald Trump announced that the United States and Israel are achieving significant advancements in their military efforts against Iran, claiming that the war, which began on February 28, could end soon. This assertion comes as markets react positively, leading to a decrease in oil and gas prices. Trump noted that while the conflict may be progressing faster than anticipated, he cautioned that fighting would not cease immediately and anticipates ongoing military actions.

In recent developments, U.S. and Israeli forces continued their bombardment of Iranian positions, prompting Iran to respond by launching drones and missiles at various targets across the Middle East. The escalating conflict highlights a complex military scenario where casualties and tactical maneuvers are closely monitored. Despite Trump's optimistic outlook, the Iranian government has firmly rejected any notions of a ceasefire, with officials, including parliamentary speaker Mohammad Bagher Qalibaf, denying any interest in negotiations with the U.S.

The situation indicates that while the U.S. and Israel may be pushing for a swift resolution, Iranian leaders are maintaining a hardened stance against negotiations. Their foreign minister, Abbas Araghchi, confirmed that talks with the United States are not on the agenda, indicating a possible prolongation of military hostilities. This geopolitical tension not only affects regional dynamics but also has far-reaching impacts on global energy markets, especially as fluctuating oil prices can have significant economic implications worldwide.

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