Oil tumbled after US President Donald Trump said the Iran war will end soon, as he faces mounting pressure over the conflict that’s upended global energy markets and sparked concerns about an inflation crisis. Global benchmark Brent was fluctuating around $93 a barrel after smashing through and holding above $100 for most of the previous session. The conflict, which is now in its second week and has sucked more than a dozen countries into the fray, has led to a surge in energy prices, including oil, natural gas and products such as gasoil. US retail petrol prices have jumped to the highest level since August 2024, putting additional pressure on Trump. “We’re looking to keep the oil prices down,” Mr Trump said.

Source: Irish Examiner March 10, 2026 08:00 UTC