Trump Says Iran War Is Near End; Oil Shock Still Hits Prices
President Donald Trump said the war with Iran is nearly over, projecting confidence as fighting continues to shape global energy markets. But even if the conflict winds down, the pressure that has built in the oil market is not automatically resolved.
Trump’s remarks came as news organizations reported an intensifying U.S.-Israeli war with Iran and competing assessments of where the conflict stands. The Wall Street Journal reported Trump described the war as nearly won, while also noting Israel has its own views on how the campaign should proceed. CBS News reported Trump said the effort was “very far ahead of schedule.”
The Pentagon has also provided a concrete measure of the conflict’s toll on U.S. forces. Around 140 U.S. service members have been wounded in the Iran war, according to a Pentagon statement reported by Yahoo News Malaysia. Those injuries underscore that U.S. forces remain exposed even as political leaders offer upbeat timelines.
Oil prices have reacted to the risk of supply disruptions and the uncertainty created by the widening fight. Politico reported that oil “climbs down from precipice” as U.S. crude reserve releases are “on the table,” signaling that the administration is weighing steps to blunt price spikes and stabilize supply expectations.
That possible move is significant because it shows the energy shock is being treated as a policy problem, not simply a market fluctuation. Even as Trump suggests the conflict is nearing its end, the government is still considering drawing from reserves—an acknowledgment that the price and supply effects can persist beyond battlefield claims of progress.
The situation is also complicated by the fact that U.S. messaging about the war is being contested in public. Yahoo News Malaysia referenced reporting that Trump is generating “fog of disinformation” about the Iran war, reflecting the political and informational crosscurrents surrounding the conflict and its stakes.
At the same time, international reporting has highlighted the broader humanitarian and geopolitical dimensions, including claims tied to strikes and remnants of U.S. weaponry. Yahoo News Australia reported that photos appear to show U.S. Tomahawk missile fragments at the site of a deadly Iran school strike. While such reports add to the intensity of global scrutiny, they do not provide clarity on how soon the fighting will end or how quickly energy markets could normalize.
What happens next will be shaped by decisions in Washington and Jerusalem as well as by developments on the ground. Trump has signaled an expectation that the war is approaching a conclusion, but other reporting suggests allied priorities may not fully align. Meanwhile, the administration’s consideration of a crude reserve release remains a key near-term lever as officials look for ways to address oil market stress.
In the days ahead, attention will stay on the trajectory of military operations, the Pentagon’s updates on U.S. personnel, and whether the U.S. moves to deploy emergency energy tools. Trump may be framing the conflict as close to finished, but the oil crunch now unfolding will be measured in barrels, prices, and policy choices—not declarations.
