October 15, 2026

New Malaysia Times

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US President Predicts Swift End To Iran Conflict, Forecasts Sharp Drop In Oil Prices

Trump Iran war end oil prices plunge

WASHINGTON, Oct 15 – US President Donald Trump stated late Wednesday that the military conflict with Iran is nearing its conclusion “very soon,” while forecasting a significant plunge in global oil prices following the end of hostilities.

Speaking to reporters in Montana, Trump expressed confidence that the conflict would wrap up quickly, reiterating that Iran would be prevented from acquiring nuclear capabilities and predicting that oil prices would “drop like a rock”.

During an earlier campaign rally in Montana, the president acknowledged uncertainty surrounding current diplomatic talks with Tehran, pointing out that recent US strikes had dismantled much of the country’s command structure.

“They don’t have a navy. They don’t have an air force. Their army is decimated. Their leaders are gone. I should have probably left their leaders because I don’t know who the hell we’re negotiating with,” Trump noted.

Extent of US Military Strikes and Regional Impact

Trump outlined the extent of the damage inflicted on Iranian armed forces and defense assets during recent operations:

  • Decimation of Naval Assets: The president stated that US operations destroyed all 159 ships in Iran’s naval fleet, leaving none operational.
  • Destruction of Air Capabilities: Trump claimed that Iran’s entire fleet of 274 fighter jets was rendered unusable, with aircraft destroyed directly on runways.
  • Shift in Regional Influence: Describing Iran as having once functioned as the “bully of West Asia,” Trump asserted that targeted strikes have permanently neutralized its ability to project military force in the Middle East.

International analysts and diplomatic observers continue to monitor potential ceasefire developments and the ongoing impact on global energy markets.

–NMT