The US will soon withdraw from Iran; oil prices are set to plummet—Donald Trump.
We had to wage this war against Iran to eliminate its nuclear weapons; had Iran retained nuclear capability, the world would have faced grave problems unlike any seen before—remarks by the US President.
Washington: US President Donald Trump’s claim
Washington ( Newscilia.com– October 8, 2026): US President Donald Trump has claimed that the ongoing war with Iran will end very soon, leading to a significant drop in global oil prices.
Speaking to the media while departing Washington for a Republican election rally in San Antonio, he stated that the war against Iran was necessary to eliminate their nuclear weapons; had Iran retained nuclear capabilities, the world would have faced unprecedented and grave crises. He noted that Iran is currently devastated, adding that the war will soon conclude, and oil prices will plummet once it ends.

US allows Iran to possess nuclear weapons.
Addressing an election rally in Texas, Trump stated that the United States would under no circumstances allow Iran to acquire nuclear weapons. He expressed a desire for a potential deal with Iran, noting, however, that the question remains whether Tehran is willing to take acceptable steps to halt its nuclear program. “I believe a deal is something I really want to make, but is Iran prepared to offer something to stop its nuclear program? We will never allow Iran to possess nuclear weapons.”
Trump strongly rejected this claim.
Meanwhile, Iranian government spokesperson Fatemeh Mohajerani has categorically rejected Trump’s claim that the Iranian Oil Minister resigned due to US pressure, describing the statement as an attempt to mask his own failures. The spokesperson clarified that the Oil Minister’s resignation is not a sign of weakness but rather an example of flexibility within a stable political system.
President Trump rejected the proposal.
Meanwhile, Iranian Foreign Minister Abbas Araghchi has stated that while Iran remains fully committed to its defense, officials are also serious about employing diplomacy to safeguard national interests and security; during a visit to the UN General Assembly, the Iranian delegation had presented a seven-day peace proposal to the US aimed at opening the Strait of Hormuz, but President Trump rejected the proposal, and US officials put forward a counter-proposal to resume negotiations to end the conflict.
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US Vice President JD Vance has made it clear.
Meanwhile, US Vice President JD Vance has made it clear that Washington will not agree to end the seven-month-long conflict with Iran unless Tehran significantly reduces its uranium enrichment capacity; the US remains open to a negotiated solution but demands concrete actions from Iran rather than mere promises regarding future nuclear commitments—asking, “If Iran does not intend to build nuclear weapons, what need does it have for 60% enriched gas or fuel?”
FAQs
- What did Donald Trump say about the US withdrawal from Iran?
Donald Trump said that the United States will soon withdraw from Iran
- How could a US withdrawal from Iran affect oil prices?
A change in US involvement in the region could influence global oil markets
3. why are oil prices expected to fall?
Oil prices can decline when global supply is strong ,demand weakens or geopolitical risks decrease.
4. Could Iran’s oil exports affect global oil prices?
Yes. Iran is an important oil-producing country.
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