Trump announced that the ongoing conflict with Iran is expected to conclude shortly, which would result in a decrease in gas prices to pre-war levels. This conflict began in February 2026, with the US and Israel opposing Iran. The American president suggests that US consumers are currently paying higher fuel prices as part of efforts to prevent Iran from developing a nuclear weapon. Key negotiators to watch include US negotiator Mike Vance and Iranian Foreign Minister Javad Zarif. Market pricing on a US-Iran deal in 2026 reflects cautious optimism.
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