President Trump Predicts Iran War Ending Soon After Midterms, Oil Prices to Drop

President Donald Trump, during his visit to Dublin on September 12, 2026, expressed optimism that the ongoing conflict involving Iran would conclude shortly after the upcoming U.S. mid-term elections in November. He further predicted that oil prices, which have surged above $100 per barrel amid heightened Middle East tensions, would fall sharply once the war ends.

Trump’s Outlook on Iran Conflict Timeline

When asked by reporters about the expected duration of the Iran war, President Trump responded confidently, saying, “I think very soon, I think it’ll be right after the mid-terms, actually.” This statement reflects the administration’s belief that diplomatic and military efforts will soon bring the conflict to a close, easing one of the key geopolitical pressures affecting global energy markets.

Despite rising hostilities in the region, including attacks on Saudi oil infrastructure and Houthi militant advances in Yemen, Trump’s remarks indicate a hopeful endgame as political focus in Washington shifts post-midterms.

Current State of Oil Prices Amid Conflict

Oil prices have been volatile in recent weeks amid escalating tensions. Brent crude, the international benchmark, briefly spiked to around $108 per barrel before settling at $104.61 on Friday, a 2.8% decline from its peak. Similarly, U.S. West Texas Intermediate (WTI) crude reached over $104 before sliding to $100.05.

These prices represent a significant weekly gain, fueled largely by fears of supply disruptions in the strategically vital Strait of Hormuz and attacks on Saudi Arabia’s East-West crude oil pipeline. The pipeline, which transports up to 7 million barrels per day from the Persian Gulf to Red Sea ports, was targeted by drone strikes attributed to Iran-backed groups.

Diplomatic Moves and Regional Tensions

Despite the violence, signs of diplomacy are emerging. Iranian and Gulf officials are scheduled to meet in Muscat, Oman, to discuss an agreement on shipping through the Strait of Hormuz. This development could indicate efforts to stabilize the critical shipping route that handles a substantial portion of the world’s oil exports.

However, Iranian President Masoud Pezeshkian reaffirmed Tehran’s stance against yielding to U.S. and Israeli pressure, emphasizing resistance and refusal to surrender in the conflict. His remarks, made at the BRICS Summit in New Delhi, underline the ongoing ideological and military standoff despite diplomatic talks.

Saudi Pipeline Attack and Houthi Activity

President Trump also addressed the recent drone attacks on Saudi Arabia’s East-West pipeline, stating he believes Iran is responsible. The Saudi government shut the pipeline temporarily as a precaution after drones launched from Iraq caused fires and damage in the Riyadh and Medina regions.

Trump confirmed he has been in communication with Saudi Crown Prince Mohammed bin Salman to monitor the situation. Meanwhile, Yemen’s Iran-backed Houthi rebels have reportedly advanced to strategic positions, including Perim Island, enhancing their control over critical maritime routes. Trump said the Houthis have contacted the U.S. administration indicating they do not wish to engage in further conflict with American forces.

As the U.S. administration balances military readiness with diplomatic efforts, the outlook on the Iran war’s timeline and oil price stability remains closely tied to developments expected after the November mid-term elections.