Crude oil prices tumbled below $90 a barrel after Donald Trump suggested the conflict with Iran was nearing its end. The US president told CBS the war was "very complete, pretty much" and described the military campaign as a "little excursion" that would last only the "short term." His comments triggered a sell-off in energy markets, reversing earlier gains that had pushed Brent crude above $119 a barrel during Asian trading.

Trump's remarks came after oil prices had surged, threatening global economic stability. The G7 countries announced they stood "ready" to release emergency reserves, helping to stabilize the volatile market. The price swing reflects how quickly geopolitical developments can impact commodity markets, with traders rapidly adjusting positions based on the administration's changing rhetoric about the conflict's duration and scope.

Meanwhile, Pakistan launched a naval operation near Iran to protect maritime trade routes, signaling the regional conflict's expanding reach. The move highlights how the confrontation is drawing in neighboring countries with significant military capabilities. Analysts note that while oil markets reacted sharply to Trump's comments, the underlying tensions in the region remain unresolved, leaving the potential for further price volatility depending on future military developments.