President Donald Trump said Saturday that the Iran war is expected to end shortly after November’s mid-term elections, predicting a sharp drop in energy prices once the conflict concludes. Oil prices retreated on Friday, with Brent crude settling at $104.61 per barrel and WTI at $100.05 per barrel, despite significant weekly gains after exceeding $100. Saudi Arabia shut down its critical East-West pipeline following drone attacks from Iraq, and Yemen’s Houthi rebels advanced toward Perim Island, threatening two strategic oil chokepoints on either side of the Arabian Peninsula. The Houthis told Trump they did not want to fight the United States.
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