Oil prices tumbled in early trading after US President Donald Trump indicated the Iran conflict could be nearing an end. The comments came as markets digested the potential for de-escalation in Middle East tensions that have kept crude prices elevated. West Texas Intermediate futures dropped sharply in Asian trading hours.

Asian equities were poised to open higher following a strong finish on Wall Street, where major indices closed near session highs. The positive momentum in US markets provided a lift to regional sentiment despite the oil price decline. Investors appeared to be weighing the implications of Trump's comments against ongoing economic data.

The market reaction underscores how geopolitical developments continue to drive energy prices. While a potential resolution in Iran could reduce supply risks, traders are also monitoring broader economic indicators and OPEC+ production decisions. The conflicting signals from geopolitics and economic data are creating volatility in commodity markets.