Trump Signals Potential End to Iran Conflict Amid Hormuz Tensions

President Donald Trump has indicated that the ongoing conflict with Iran may be nearing a conclusion, suggesting that a formal deal to end hostilities is within reach. In recent interviews with ABC News and Fox Business, the President played down the likelihood of renewed fighting, explicitly stating that the war is "close to over." This optimism comes as a ceasefire is set to expire next week. Trump hinted that extending the current agreement may not be necessary if near-term progress toward a comprehensive deal continues. The conflict has persisted for nearly seven weeks, creating significant geopolitical instability and pressure on global trade routes. Despite the positive rhetoric, critical unresolved issues remain. Market participants and policymakers continue to express concern over the security of the Strait of Hormuz, a vital artery for global oil shipments, as well as the status of Tehran's nuclear program. The prospect of a diplomatic resolution could significantly alleviate the geopolitical risk premium currently embedded in energy prices. However, until a concrete agreement is finalized and the standoff in the Strait of Hormuz is resolved, volatility in crude oil markets is expected to remain elevated.