Oil futures dropping rapidly after Trump claims war is "very complete, pretty much"
u/AnonymousTimewaster ·
Reddit — r/investing
· March 09, 2026 at 19:39
· ⬆ 1624 pts
· 💬 447 comments
| View on Reddit ↗
AI Summary
Summary
The post reports on a statement from President Trump claiming the war with Iran is "very complete, pretty much," which has caused a rapid drop in oil futures.
The author's implicit thesis is that this geopolitical development is the direct cause of the significant, immediate downturn in oil prices.
Quality assessment: This is news reporting and speculation, not deep due diligence (DD). The post itself is a factual report of a market-moving event, but the underlying situation is highly volatile and subject to political rhetoric rather than fundamental analysis.
Score1,624
Comments447
Upvote %94%
▶ Full Post Text
From [CNBC](https://www.cnbc.com/2026/03/09/trump-iran-war-end.html)
“I think the war is very complete, pretty much,” Trump said according to Weijia Jiang, CBS’s senior White House correspondent.
“They have no navy, no communications, they’ve got no Air Force,” Trump said, according to Jiang, who posted about her interview with the president on X.
Trump also said that the United States is “very far” ahead of his original estimate that the war could take four to five weeks to conclude, Jiang said.
Oil futures are already down to $83 after soaring to a peak of $115 early this morning