Energy Outlook Advisors' Newsletter

Energy Outlook Advisors' Newsletter

Oil Prices Plunge as Trump Signals Iran War Nearing End

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Anas Alhajji
Mar 09, 2026
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Oil prices plunged this afternoon after President Trump made statements hinting at an end to the war.

In comments to CBS News on Monday afternoon, Trump said the war in Iran is “very complete, pretty much,” and that the US is “very far” ahead of the timelines the military had projected.

He says, ‘Tell these tankers to get themselves, get to it, we have wiped out most of their launchers.’ Here is exactly what he said: ‘These ships should go through the Strait of Hormuz and show some guts, there’s nothing to be afraid of. [The Iranians] have no navy, we sunk all their ships.’

EOA’ Main Takeaway

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