Trump Says Iran War Will End after US Midterm Elections
Trump said in Dublin that he expects the war with Iran to end after the US midterm elections in November, and that oil prices will then fall sharply. Iran's president said the Middle East does not need the US as a 'regional policeman.' The war began on February 28 after US-Israeli strikes killed Iran's supreme leader, and Tehran has since blockaded the Strait of Hormuz.
Why it matters: This matters for the oil markets theme: the projected end of the war is tied to a sharp drop in crude prices.