Oil prices fall 25% after soaring to 4-year highs as Trump says war is 'very complete' - Yahoo Finance
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Oil prices fell 25% after President Trump declared the war "very complete," following recent four-year highs.
How This Affects You
This decline in oil prices could lead to lower gasoline prices at the pump, potentially saving you money on transportation costs.
AI Summary
Global oil prices have fallen by 25% following a statement by President Donald Trump declaring the war "very complete." This significant decline comes after crude prices had recently reached four-year highs. The President's assertion regarding the conflict's status appears to have directly influenced market sentiment, leading to a sharp correction in oil futures. This development indicates a potential stabilization of global energy markets, contingent on the ongoing geopolitical landscape.
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Asian shares surge, echoing a rally on Wall Street as oil prices sank back to about $90 - AP News
Stock futures fall as traders weigh Trump's signal that Iran war may soon end: Live updates - CNBC
This article is part of a story we're tracking:
Iran & Middle East Conflict
Tracking the evolving military and diplomatic situation across the Middle East, including US-Iran tensions, Israeli operations, proxy conflicts, and the broader geopolitical implications for the region.
Economy & Markets
Monitoring the US and global economy including inflation, employment, Federal Reserve policy, trade tensions, market volatility, housing affordability, and the financial pressures facing American households.
Trump's Influence on US Politics and Foreign Policy
Former President Donald Trump continues to exert significant influence on US politics, from taunting foreign leaders and shaping primary elections to making controversial statements on immigration and foreign policy, including his stance on the ongoing Iran conflict.
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Since the war has started, fourteen ships have been hit in the Strait of Hormuz, as Iran vows to carry out an 'oil blockade'. Although oil prices have gone down after sharply increasing, concern remains. French President Emmanuel Macron is calling on G7 leaders to work together to reestablish 'freedom of navigation' in the region as soon as possible. FRANCE 24's Philip Turle looks at the politics of this crisis, and the US strategy.
FinanceCracks emerged in a resilient US economy before war in Iran sent oil prices rocketing - AP News
<a href="https://news.google.com/rss/articles/CBMitgFBVV95cUxNVGZxOGhaUlRKVUVIWkd3QUVubEZPTHFvc3hZeFBBZG1nVXlId1N1d2FlTmNLeVY5bHp0bW1SZ18zZndOa0ExSGZqT3hEQ1NqS0Y1RkgyTWV3ZUpNX2NxeEJmQUxBSDM0YWxTMll6WW1aVm91bGd1SENxa0Z6eWZtTDZyNk1qZjRFS0tJYmRLbVU5UE1KU0UwVzFvSTdYdjlzY3d2c01VNkdYSzlfYl9zMDVsOEtpUQ?oc=5" target="_blank">Cracks emerged in a resilient US economy before war in Iran sent oil prices rocketing</a> <font color="#6f6f6f">AP News</font>
TechnologyFalling prices steer US buyers toward used electric vehicles - Reuters
<a href="https://news.google.com/rss/articles/CBMixAFBVV95cUxPRUJxQmpPRzJsdkJ1VXZlZEpqNWZvNFhNQkItanhiNHN3WXBlRTJ0QjJ6Yi1FUi1YSER1ZXdDVFdpVlFOZ0Nfd0FXYUc1ZmxxNU1YOVFyanNtVnU3a0VUZjR3QldBZG9DbzZLR3hqSTk1b1RPQ1A0WG9XU0RvZFI5ejcteXN1aDQ4Wk5XdXRnQnpocXZyWlV5bFBnTW8ycnBJX1RRZ3lLSVJ0TVg4WWNtcnRNXzhzcEJyYmJwUzRDNlVUSEZE?oc=5" target="_blank">Falling prices steer US buyers toward used electric vehicles</a> <font color="#6f6f6f">Reuters</font>
PoliticsScoop: Trump eases Venezuela sanctions on oil, fertilizer to blunt Iran war costs
<p>The Treasury Department made it easier Friday for U.S. businesses and farmers to buy Venezuelan fertilizer and oil as their prices rise because of the <a href="https://www.axios.com/world/iran" target="_blank">Iran war,</a> Axios has learned.</p><p><strong>Why it matters</strong>: The bottleneck of tankers in the Persian Gulf because of Iranian attacks has caused the costs of oil and fertilizer, a petrochemical product, to jump. It threatens to spike inflation and raise the <a href="https://www.dw.com/en/iran-us-israel-war-food-crisis-prices-fertilizer-energy-costs-inflation/a-76286348" target="_blank">cost </a>of food in the U.S.</p><hr><ul><li>By reducing sanctions on oil-rich Venezuela, <a href="https://www.axios.com/2026/03/13/iran-war-trump-officials-ship-escorts-hormuz-strait" target="_blank">Treasury Secretary Scott Bessent</a> hopes to increase supplies in the U.S. and lower prices.</li></ul><p><strong>Zoom in:</strong> The Office of Foreign Assets Control, which manages ...
FinanceMost U.S. stocks fall as oil prices get back to rising
Since the start of the Iran war, sharp moves for oil prices have triggered swings up and down for financial markets worldwide, sometimes by the hour.
FinanceKey inflation gauge worsened in January, before Iran war lifted gas prices - AP News
<a href="https://news.google.com/rss/articles/CBMikwFBVV95cUxOSHY4OUo1LWRwWEh2VUtGZE5vX1EwQV9hdGwzMWE3RWlmdHo2cVU2Ml9xM1VlbGs0WW16NHd2ZU9FdW9aWjVZZEFkRmQ2bm5vS3VsWkY5T1pxWEltbzFsVVJaS185c2wtUzg2ekZMb2JvazhYQXRacnFUUHhYOUpJVE5BMGN5M0hEVENLX3B5VFd3QUk?oc=5" target="_blank">Key inflation gauge worsened in January, before Iran war lifted gas prices</a> <font color="#6f6f6f">AP News</font>
Credit bureaus dismissing greater number of complaints under Trump administration, ProPublica finds
Credit bureaus are dismissing more consumer complaints under the Trump administration, a ProPublica investigation found. Joel Jacobs, data reporter for ProPublica, joins to break down his findings.
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