Oil Prices Drop Over 2% as Trump Predicts End to Iran Conflict

WTI and Brent crude prices declined by more than 2% on Wednesday following U.S. President Donald Trump's statement that the conflict with Iran would soon conclude. According to NS3.AI, analysts noted that despite this development, market caution persists due to ongoing uncertainties surrounding Middle East supply disruptions. They further indicated that oil prices might remain high even if a resolution is achieved, as supply levels may not rapidly return to those seen before the conflict.