Oil prices dropped quickly after Donald Trump suggested that the ongoing conflict could end very soon. When political leaders signal that tensions may decrease, global markets often react immediately because traders expect oil supply routes to become more stable. A possible end to war usually means fewer risks to oil production and transportation, which can push prices down.

At the same time, Trump faced tough questions about a reported strike near an elementary school in Iran. Reports and circulating videos indicated that a Tomahawk missile hit a naval base located close to the school, and the blast allegedly caused heavy casualties, including many children. Journalists asked whether the United States would take responsibility if the strike was confirmed to be linked to U.S. military action.

The situation created both political and humanitarian debate. While financial markets focused on the possibility of the conflict ending, critics and observers were concerned about the tragic impact on civilians and the need for accountability and investigation into what exactly happened during the strike.

Reference – https://www.theguardian.com/world/live/2026/mar/09/iran-war-live-updates-new-supreme-leader-mojtaba-khamenei-oil-prices-soar