Washington, 01 April (H.S.):

Amid global oil and gas market chaos from the US-Israel-Iran conflict raging since February 28, President Donald Trump's claims have sparked cautious optimism for de-escalation. Trump stated direct talks with Iran are underway to halt hostilities, though Tehran denies formal negotiations while confirming indirect mediator exchanges.

In remarks to CBS News on Tuesday, Trump expressed hope that US military operations against Iran could conclude in two to three weeks, potentially sooner via agreement—without needing a formal deal. When pressed on soaring gas prices, he replied, I just want out of the Iran war, and we'll do that very soon.

Strait of Hormuz Tensions

Trump warned nations reliant on Middle East oil via the Strait of Hormuz to secure their own shipments post-conflict, absolving US responsibility for disruptions. Tanker traffic has nearly halted; he reversed earlier US Navy escort offers, urging importers like China and France to self-protect. The US produces surplus petroleum but faces indirect price impacts. Trump posted on Truth Social pre-briefing: Go get your own oil!

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Hindusthan Samachar / Jun Sarkar