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GeopoliticsMedium•31 March 2026•

1 min read

Trump Says Iran War "Very Close" to Ending; Bitcoin Dips as Oil Prices Rise

Key Facts

1Donald Trump indicated a willingness to wind down the US military campaign against Iran even if the Strait of Hormuz remains largely closed.

2Tehran indicated openness to a ceasefire, easing geopolitical concerns.

3Gasoline prices surged past $4 per gallon due to ongoing disruptions in global energy supply.

6 days ago

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Version History

2 additional sources confirmed this story

Version 16 days ago

What changed: Updated the story to include Trump's national address claiming the war is nearly over, noting the immediate market reaction of falling Bitcoin and rising oil prices.

U.S. President Donald Trump delivered a national address stating that the military is "very close" to finishing its war in Iran. While the remarks signal a potential end to the conflict, they triggered immediate volatility across global financial markets. Bitcoin prices saw a dip following the address, while oil prices climbed as investors reacted to the shifting geopolitical landscape. This market reaction comes as gasoline prices remain stubbornly high, exceeding $4 per gallon due to ongoing energy supply concerns. Furthermore, the cooling U.S. labor market continues to add a layer of economic uncertainty for investors. Traders are now forced to balance the prospects of regional peace against sudden price swings in both risk assets and commodities.