Former President Donald Trump declared the Iran conflict will end "very soon," sending ripples through global markets. His remarks come as tensions in the Middle East remain elevated, with energy markets closely watching for any potential disruptions to oil supplies that could impact global economic stability.

Oil prices fell below $90 per barrel Monday after earlier surging to nearly $120, reflecting shifting market sentiment. The dramatic price swing suggests traders are balancing geopolitical risks against potential oversupply concerns. The $30 swing in crude prices demonstrates how sensitive energy markets remain to political developments in oil-producing regions.

Energy analysts note the price correction may offer some relief for consumers and businesses already facing inflation pressures. However, the volatility underscores the fragility of global energy markets amid ongoing conflicts. Market participants will continue monitoring both diplomatic developments and supply fundamentals as the situation evolves.