US President Donald Trump said global oil prices would “plummet” as he expressed confidence that the ongoing confrontation involving Iran would end quickly. Speaking from the White House, Trump claimed Tehran was eager to negotiate and suggested a peace agreement could soon reduce tensions in the energy market and across the Middle East.
“We’re going to end that war very quickly,” Trump said while addressing reporters and supporters. He added that Iran “want[s] to make a deal so badly” and predicted that oil prices would sharply decline because of abundant global supply. The remarks came amid heightened geopolitical uncertainty and market concerns over the potential impact of conflict in the region on global crude supplies.
The comments also followed action in the US Senate aimed at limiting the president’s authority to launch military action against Iran without congressional approval. According to reports, senators voted 50-47 to advance a resolution introduced by Democratic Senator Tim Kaine seeking to restrict presidential war powers related to Iran. Four Republican lawmakers joined most Democrats in supporting the measure.
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The resolution would direct the president to remove US armed forces from hostilities involving Iran unless military action is explicitly authorised through a declaration of war or a separate congressional approval for the use of force. The Senate move marked the latest attempt by Democrats to curb unilateral military action by the White House amid escalating regional tensions.
The developments come as diplomatic efforts continue between Washington and Tehran following Trump’s earlier announcement that a planned US military strike on Iran had been put on hold. Trump said leaders from Qatar, Saudi Arabia and the United Arab Emirates had appealed for more time for negotiations, arguing that serious diplomatic discussions were underway with Tehran.
In a post on his Truth Social platform earlier this week, Trump said Qatari Emir Tamim bin Hamad Al Thani, Saudi Crown Prince Mohammed bin Salman and UAE President Mohammed bin Zayed Al Nahyan had urged Washington to delay military action against Iran. While Trump maintained that the United States had been prepared to strike Tehran, he said the operation was paused in the hope that diplomatic negotiations could still produce a breakthrough.
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