Trump says US war on Iran will end 'very soon' as IRGC calls it a failure

UAE motorists may face rising fuel prices in October, as global oil prices have remained elevated since the start of September. Brent crude, the international benchmark, hovered around $105 per barrel, nearly 50% higher than late February's price of $72. This increase stems from uncertainty regarding the end of the conflict with Iran, particularly access to the Strait of Hormuz.

The United States has been imposing sanctions on individuals and entities linked to Iran's military supply chain, while Iran's Revolutionary Guard urged Americans to protest against Trump ahead of the midterm elections. Trump stated that the US would "win" the war with Iran very soon, expecting a quick resolution. He also mentioned that fuel prices would drop sharply once the US victory was achieved.

Gulf producers have been utilizing various workarounds to maintain crude flows through the Strait of Hormuz, despite Iran's pressure. Kpler reported that crude flows averaged 13.1 million barrels per day last week, nearly 80% of the 17.1 million barrels per day that crossed the strait before the war began.