Trump Announces US Withdrawal From Iran Within Weeks, Oil Prices Plunge
Key Takeaways
- Trump says the United States could withdraw from Iran within two to three weeks.
- Oil prices fall and global markets rally on hopes of a swift Iran war end.
- Trump says end of the war within weeks regardless of a deal.
Trump Sets Iran Exit Timeline
Trump announced the US could stop attacking Iran within two to three weeks.
He said Iran doesn’t have to make a deal.
The announcement came nearly five weeks after the US and Israel began attacking Iran.
Markets Rally on Withdrawal Hope
Brent crude fell as low as $98.35 a barrel.
Stock markets rallied globally.
The S&P 500 had its best day in almost a year.
Oil Prices Remain Elevated
Experts warned oil prices would not return to pre-war levels soon.
The de facto closure of the Strait of Hormuz has stranded LNG supplies.
Asian buyers are outbidding Europe for spot LNG supply.
Trump Pressures Allies on Costs
Trump called on NATO to help cover war costs.
He said allies would come to the table and pay.
Trump dismissed Iran's statements about diplomacy.
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