Trump says US moving toward end of Iran conflict amid high energy prices

Washington has indicated that the United States believes it is “hopefully toward the end” of the conflict with Iran, President Joe Biden said during a press briefing on Tuesday. The administration’s statement comes amid ongoing diplomatic efforts to de‑escalate hostilities that began after the April 2024 Iranian drone and missile attacks on U.S. naval vessels in the Gulf of Oman. U.S. officials have maintained a limited military presence in the region while pursuing sanctions and multilateral talks aimed at securing a cease‑fire, and they now anticipate a reduction in direct engagement as diplomatic channels gain traction.

The president’s remarks were made as global energy markets continue to experience elevated price levels, with Brent crude hovering near $95 per barrel and West Texas Intermediate above $90 per barrel. Analysts attribute the price persistence to supply constraints stemming from the Iran‑related tensions, as well as broader geopolitical uncertainties and production cuts by major oil‑exporting nations. While the United States hopes the conflict’s resolution will ease market pressures, officials cautioned that any abrupt changes in regional stability could still affect fuel costs worldwide.