Trump keeps Iran Strike, deal options open; says oil prices will fall soon

US President Donald Trump is not ruling out the possibility of fresh military action against Iran, and at the same time he has indicated that Washington could reach an agreement with Tehran. He has predicted that oil prices would fall soon, as tensions surrounding the Strait of Hormuz continue to affect global energy markets. Trump said the decision on whether to reach a deal or launch a fresh offensive attack would depend on Iran.

Trump also claimed that oil was continuing to flow through the Strait of Hormuz and said the US was getting the oil it wanted from the key shipping route. He expects oil prices to decline in the near future. The Strait of Hormuz is a key area for global oil shipments, making any disruption a concern for energy markets, fuel prices and the broader global economy.

Trump hopes for Russia-Ukraine deal

Trump also expressed hope that Russia and Ukraine would reach an agreement to end their war, saying the US could resume business ties with both countries once the conflict ends.

“Certainly, we’ll do business with Ukraine and with Russia after this war ends,” Trump said.

He said he wanted to return to a situation in which Moscow and Kyiv reached a deal, allowing Washington to pursue economic ties with both sides.

Any potential agreement could have implications for international trade, energy markets and economic relations between the US, Russia and Ukraine.

Trump says US leading China in AI

Trump also believes that the US is ahead of China in artificial intelligence (AI), highlighting the technology sector as another area of competition between the two countries.

The US and China are engaged in a formidable competition to expand their AI capabilities, with developments in the sector drawing attention from businesses, investors and policymakers.

Meanwhile, Trump's comments on Iran and the Strait of Hormuz remain significant for global markets, given the route's role in oil transportation. Any escalation in the conflict or progress towards a deal could influence oil prices and broader market sentiment.