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Donald Trump says Iran war will be over ‘very soon’

Oil slides below $90 after surging to nearly $120 early in Monday’s trading session

Mar 10, 2026 &03071010202631; 00:07 UTC www.ft.com Trending 5/5

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Positive for markets

Sentiment score: +65/100

High impact Immediate effect (hours)

WHAT THIS MEANS

Donald Trump's statement about resolving the Iran conflict 'very soon' triggered a sharp reversal in oil markets, with crude sliding below $90/barrel after reaching nearly $120 earlier in the session. This geopolitical de-escalation signal suggests reduced supply disruption concerns, pressuring energy prices and benefiting oil-importing economies.

AI CONFIDENCE

75% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

↓

Oil (WTI Crude)

CL=FCommodity

Expected to decline

Oil prices collapsed from $120 to below $90 on geopolitical de-escalation expectations, reducing Middle East conflict premium

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Euro / US Dollar

EURUSDCurrency

Expected to rise

Lower oil prices reduce inflation concerns in Europe, supporting EUR strength relative to USD

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Euro Stoxx 50

^STOXX50EIndex

Expected to rise

European equities benefit from lower energy costs and reduced geopolitical risk premium

↑

S&P 500

^GSPCIndex

Expected to rise

US equities supported by lower oil prices reducing inflation expectations and benefiting consumer discretionary sectors

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10-Year Treasury Yield

^TNXBond

Expected to decline

Lower energy prices reduce inflation outlook, supporting bond prices and pressuring yields

PRICE HISTORY

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⚡ SUGGESTED ACTION

Long energy importers (EU equities, consumer stocks) and short energy producers. Monitor Trump's Iran statements closely for confirmation; any escalation reversal could trigger sustained rally in risk assets and continued oil weakness below $85.

KEY SIGNALS

Geopolitical de-escalation narrativeOil volatility spike ($30 intraday swing)Inflation expectations decliningRisk-on sentiment emergingEnergy sector weakness

SECTORS INVOLVED

EnergyTransportationConsumer DiscretionaryUtilities

Analysis generated on Mar 10, 2026 at 00:38 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by FT Markets. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Donald Trump says Iran war will be over ‘very soon’

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