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Trump Predicts Quick End to Iran War Amid Rising Oil Prices

4/3/2026

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Story summary
  • U.S. President Donald Trump addressed the nation on April 1, 2026, regarding war with Iran and predicted it would end in two to three weeks.
  • He attributed gas prices averaging $4.08 per gallon to Iranian actions and said prices would fall.
  • The speech offered no plan to reopen Strait of Hormuz, Iran having closed it, raising oil prices.
  • Afterward, stock markets fell and oil prices rose, signaling investor concern over disruption.