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Trump hints at an end to military action in Iran, saying U.S. will leave in 2-3 weeks NPRTrump officials acknowledge they can't promise to reopen Strait of Hormuz before ending Iran war CNNTrump tells allies ‘get your own oil', says Iran war could end in 2-3 weeks Al JazeeraLive updates: President Trump will address the nation on the Iran war AP News
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President Donald Trump reportedly told aides he would end the war in Iran without reopening the trade route.
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Investors weighed the news that the owner of a Kuwaiti tanker loaded with oil said it had been hit in an Iranian attack near Dubai.
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Live Updates: Iran war pushes gas price over $4 a gallon as Trump mulls dropping Strait of Hormuz efforts CBS NewsExclusive | Trump Tells Aides He's Willing to End War Without Reopening Hormuz WSJIIran-US war latest: Trump tells allies and UK to ‘get your own oil' The IndependentTrump Lashes Out Again at Europe for Its Lukewarm Support Against Iran The New York Times
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Energy stocks have fared well as crude-oil prices have shot up, but one other industry group has also done well since the U.S. and Israel attacked Iran on Feb. 28.
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The average price of gas at U.S. pumps spiked to $4 a gallon for the first time since summer 2022 as the war in Iran sends oil costs surging and roils markets.
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The Iran war has stalled shipments of oil and its products through the Strait of Hormuz, raising concerns among Chinese manufacturers about supply chain disruptions.
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