Trump Says Iran War May Be Near Its End, but Oil Risks Remain

Trump’s Comments Eased Markets, but Oil Risks Are Still There

According to Yahoo Finance on March 11, 2026, President Donald Trump said the Iran war was “very complete, pretty much,” which helped push oil prices lower and lifted market sentiment. But the bigger oil problem did not go away, because the market is still dealing with real supply risks in the Gulf.

Reuters reported that even after Trump’s comments, the Strait of Hormuz remained badly disrupted. That matters because about one-fifth of the world’s oil and liquefied natural gas normally passes through that route. As long as shipping there stays under pressure, oil traders are unlikely to feel fully calm.

The Strait of Hormuz Is Still the Main Problem

Reuters reported on March 10 that Iran had threatened to keep blocking oil flows until attacks stopped, while the war had already effectively halted normal shipments through the Strait of Hormuz. That means the market is not only reacting to headlines from Trump, but also to a physical bottleneck in one of the world’s most important energy routes.

Reuters also reported on March 11 that oil prices rebounded after an early drop because traders doubted whether a possible record release of emergency reserves by the International Energy Agency would be enough to offset the supply shock. In other words, even if governments step in, the market still sees a real shortage risk if the Gulf crisis continues.

A Calmer War Headline Does Not Mean a Calmer Oil Market

Eventually, Trump’s remarks may have helped markets for a moment, but they did not fix the core issue. The oil market is still focused on disrupted shipping, tight supply, and the risk that the Iran war could flare up again.

That is why the oil crisis is not solved yet. Until the Strait of Hormuz works normally again and traders believe supply is secure, oil prices are likely to stay sensitive to every new headline from the region.