Trump predicts rapid end to Iran war as oil prices face collapse

US President Donald Trump on Wednesday, 7 October, stated that the ongoing military conflict with Iran will conclude "very quickly," predicting a subsequent collapse in global energy costs. Speaking to reporters while departing Washington for a campaign rally in San Antonio, Trump asserted that US intervention has already neutralised Iran's nuclear capabilities. Energy Markets and Nuclear Demands The US President claimed that the resolution of the conflict would cause oil prices to "come tumbling down," linking the military outcome directly to global market stability. These remarks come as the Trump administration maintains a hardline stance on Tehran’s nuclear enrichment activities. US Vice President JD Vance told Reuters that Washington requires a "meaningful" reduction in Iran's nuclear enrichment capacity before any ceasefire can be reached in the seven-month war. Vance specifically questioned Iran’s possession of 60% enriched fuel, stating that a genuine commitment to non-proliferation would require Tehran to cease production of highly enriched materials. "We're not going to trade words for actions," Vance said, adding that the US remains open to a negotiated settlement only if concrete steps are taken to dismantle enrichment infrastructure. Diplomatic Friction and Peace Proposals The escalation follows a rejected seven-day peace plan proposed by an Iranian delegation at the United Nations General Assembly in New York, which sought to reopen the Strait of Hormuz. Trump…