Trump Predicts Swift Iran War Victory as Oil Trades Near $92.92 per Barrel

WTI crude oil traded near $92.92 per barrel, up over 0.5% during the session, following remarks by Donald Trump regarding Middle East hostilities. Trump claimed the United States would win the war with Iran very soon, projecting that domestic retail fuel and gasoline prices will tumble once a victory is secured. Trump also revealed that American officials held discussions with mediators in an effort to bring an end to the conflict. Commodity markets continue to watch geopolitical mediation efforts and Middle Eastern supply disruption risks closely.