Oil prices rise after Trump insists the Iran war is going to plan
Quick Insights
The Bottom Line
Oil prices rose after Trump said military operations against Iran are proceeding as planned with a two-to-three-week timeline.
How This Affects You
If the Strait of Hormuz remains closed, gas prices could rise significantly since roughly one-third of global seaborne oil passes through this chokepoint.
AI Summary
Oil prices climbed after President Trump stated that military operations against Iran are proceeding as intended, projecting the conflict will last two to three additional weeks. Trump's comments lacked detail on efforts to reopen the Strait of Hormuz, a critical chokepoint through which roughly one-third of global seaborne oil passes, disappointing investors who sought clearer reassurance about energy market stability. Market analysts interpreted the ambiguous timeline and absence of a reopening strategy as falling short of what traders had anticipated, reflecting uncertainty about how long energy supplies will remain disrupted. The mixed signals underscore investor anxiety over prolonged regional instability and potential sustained pressure on crude prices, which remain sensitive to Middle East tensions. Any extended closure of the Strait would significantly constrain global oil supply and potentially drive prices higher, depending on how quickly normal shipping resumes.
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WATCH: President Trump on Iran war: 'We're going to bring them back to the Stone Ages'
President Trump on the war in Iran: "We are on track to complete all of America's military objectives... We're going to bring them back to the Stone Ages where they belong."
National SecurityChatter and fear about US military draft emerge as Trump’s Iran war drags on
<p>Though the US is almost certainly not going to have a draft, media commentary and online anxiety have surfaced</p><p>The United States is almost certainly not going to have a military draft to fight Iran. That hasn’t stopped the chatter, and anxiety, across the country.</p><p>In recent weeks, Donald Trump has ordered a number of marines and army paratroopers to head to the Middle East, gesturing toward a possible ground war to reopen the strait of Hormuz or secure nuclear weapons material. The provocative military activity has led to <a href="https://www.theguardian.com/world/2026/mar/30/how-could-us-forcibly-reopen-strait-of-hormuz-iran-what-are-the-risks">speculative conversation</a> about what it would take to invade a country twice the population and three times the territory of Iraq.</p> <a href="https://www.theguardian.com/us-news/2026/mar/31/us-military-draft-fears-trump-iran-war">Continue reading...</a>
Politics'JD or Marco?’: Iran war raises 2028 stakes as Trump weighs Vance vs. Rubio - Reuters
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FinanceChina’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained
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‘Back to the Stone Ages’: #Trump says #Iran war nearly over in national #address
US President Donald Trump delivered his first nationwide address since the start of the war in the Middle East on Wednesday. Trump claimed the US was “very close” to achieving its objectives in Iran and vowed to hit the country “extremely hard” in the coming days.

Trump: U.S. will bomb Iran "back to stone ages" over next 2-3 weeks
<p>President Trump said in a prime time address that the U.S. was close to ending its war in <a href="https://www.axios.com/world/iran" target="_blank">Iran</a> but would spend the next two to three weeks bombing the country "back to the stone ages."</p><p><strong>The big picture:</strong> Trump said that if a deal to end the war cannot be reached, the U.S. would bomb all of Iran's power plants and its <a href="https://www.axios.com/energy-climate/oil-companies" target="_blank">oil </a>fields, moves that would have devastating consequences for Iran's civilian population and the future of the country, while likely inciting retaliation on America's allies in the region.</p><hr><ul><li>The threat is likely in part an attempt to convince Iran's leaders to agree to a deal. </li><li>The U.S. has told <a href="https://www.axios.com/world/iran" target="_blank">Iran</a>, through mediators, that it is interested in a ceasefire in exchange for the reopening of the Strait of Hormuz.</li><li>But...
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