Exclusive Interview: Trump says Iran war will end soon, oil prices will drop fast

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• Airline industry braces for years of turbulence

  Airline executives told the Financial Times that fuel prices surging after the Iran war could become the new normal, forcing carriers to keep raising fares and possibly scale back growth plans or cut fleets. TAP Air Portugal's CEO Luís Rodrigues expects three to five difficult years because pricing power is limited. So far demand holds up: OAG estimates 2.3 billion bookings in the first half, up 1% year on year, even as fares rose. Executives worry that fuel-driven inflation will erode household purchasing power, and many carriers plan further fare hikes as fuel hedges expire. Abra's CEO Adrian Neuhauser said the industry could end up smaller than it otherwise would, while SunExpress's Marcus Schnabel said AI is 'not free' and must compete with aircraft purchases for capital.

  Vietstock·19/10, 07:40▼ VJCVJCoil pricesinflation
• $95 is cheap for oil , could hit $140 by February , $500 by 2030 , says a leading global currency strategistmoneycontrol.com·19/10, 05:45▼ VJC• XAU/USDoil pricesfuel pricescommodities
• Brent crude touches $110 a barrel

  Brent crude briefly touched $110 a barrel during the October 16 session for the first time since May before settling at $109.86, up 3.7%, while U.S. WTI rose 3.5% to $101.41. Prices were driven by Iran's escalating attacks in the Strait of Hormuz, where at least nine oil tankers and cargo ships have been hit since Sunday, and Houthi missile launches toward Saudi Arabia. According to U.S. Central Command, Iran sank the container ship GFS Pride, while the International Maritime Organization said this week's attacks injured three crew members and left two missing. Crude flows through Hormuz reached 9.4 million barrels per day in the week ending Wednesday, about 70% of the pre-war level, while the energy ceasefire between Ukraine and Russia quickly broke down. For the week, WTI rose more than 10% and Brent gained nearly 5%.

  Vietstock·17/10, 01:34▼ PLX▲ PVD▲ PVT▼ VJC
• Crude oil prices touch $110 a barrel

  Brent settled at $109.8 a barrel on October 16, up 3.7% after briefly touching $110, its highest since May; WTI rose 3.5% to $101. Attacks across the Middle East drove the rally, with Saudi Arabia intercepting missiles fired over the Red Sea, one aimed at the Yanbu export port, and Houthi forces repeatedly striking the kingdom. In the Strait of Hormuz, at least nine tankers and cargo ships have been attacked since the previous Sunday, yet crude flows reached 9.4 million barrels a day in the week to October 14, about 70% of pre-war levels, according to Kpler. A Russia-Ukraine energy-infrastructure truce that Donald Trump sought to mediate quickly collapsed, and U.S. crude inventories fell by more than 8 million barrels as storm Isaias halted Gulf Coast production.

  VnExpress·17/10, 00:39▼ VJC▲ PVD
• Exclusive Interview : Trump says Iran war will end soon , oil prices will drop fast

  President Donald Trump spoke for about an hour and 15 minutes at a rally in Kalispell, Montana, backing Republican candidates Aaron Flint for the U.S. House and Kurt Alme for the Senate. In an exclusive interview with NBC Montana, he said the Iran war will end very quickly and that oil and diesel prices will fall fast once it does, and that he may support suspending diesel taxes in Montana. He blamed Joe Biden for inheriting the worst inflation in the country's history.

  katu.com·15/10, 13:15▲ VJC▼ PVD▼ XAU/USD▼ PVT
• Exclusive Interview : Trump says Iran war will end soon , oil prices will drop fast

  President Donald Trump, speaking in Kalispell, Montana, in an exclusive interview with NBC Montana, said he may support suspending diesel taxes in the state. He said the Iran war would be ended quickly, after which oil and diesel prices would fall rapidly, and that Iran would never have a nuclear weapon. Trump also blamed former President Joe Biden for the worst inflation in the country's history and said prices would come down further once the war ends. He was rallying in support of Montana GOP candidates Aaron Flint for the House and Kurt Alme for the Senate.

  wjla.com·15/10, 11:45▼ BSR▼ PVD▼ PVT▲ VJC

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