Trump expects Iran war to end after November midterms, oil prices to fall

  • Donald Trump said he expects the Iran war to end after U.S. midterm elections.
  • Saudi Arabia shut its East-West pipeline after a drone attack from Iraqi territory.
  • Brent closed above $104 after gaining more than 8% during the week.

Donald Trump said he expects the Iran war to end after the U.S. midterm elections and predicted oil prices would fall once the conflict ends. Speaking in Dublin on Saturday, Trump reiterated that Iran must not obtain nuclear weapons, while Tehran maintained it will not join unconditional negotiations. Saudi Arabia shut its 1,200-kilometre East-West oil pipeline after a drone attack, removing a route that had carried about four million to five million barrels daily to the Red Sea. Brent closed above $104 on Friday after gaining more than 8% for the week, while Bitcoin traded around $77,240 after earlier topping $80,000.

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