Oil slipped after Trump also said war is “very complete” – before fresh Iran threats have sparked confusion

Brent crude dropped to $91.58 a barrel after Trump said the war in Iran was “very complete, pretty much” in a CBS News interview, easing market fears of prolonged Middle East disruption.

But once markets had closed, Trump struck a different tone, making a series of remarks that suggested the conflict was far from finished. He said: “We have won in many ways. But not enough.”

He then escalated tensions further with a direct warning to Tehran over the Strait of Hormuz, one of the world’s most crucial oil shipping routes.

Writing on social media, Trump said: “If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America twenty times harder than they have been hit thus far.”

The conflicting messages are likely to keep oil traders on edge, with prices vulnerable to any sign that the war is either winding down or spiralling further