Oil Prices Tumble After Trump’s “War Soon Over” Claim: Has Iran Emerged Victorious?

CNN reports that global oil prices slipped after former President Trump declared the conflict “will soon be over.” Observers note that Iran’s new generation of inexpensive drones and missiles—costing around $20,000 each—pose a serious threat to the US fleet of multi-billion-dollar aircraft carriers and warships. With these cheap, high-impact weapons on display, many argue Iran has shifted the balance of power in the Middle East and forced a change in US strategy.

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