Trump's Iran timeline may not be short enough to avoid oil demand destruction [CNBC]
Goldman Sachs Group, Inc. (The) (GS)
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Concerns about oil demand destruction and potential energy rationing are still lingering in markets. Brent crude oil prices skyrocketed more than 60% in March as the U.S.-Iran war raged on. In this article Vehicles have their gasoline tanks filled at a Costco Wholesale store on March 21, 2026, in Bayonne, New Jersey. U.S. President Donald Trump says he'll end the war within weeks, but fears for oil supply and demand destruction are set to linger. In an address on Wednesday evening, Trump said he expected the war to last another two to three weeks, during which time U.S. forces will "hit" Iran "extremely hard." The timescale was a reiteration of what Trump had said the previous day , when he told reporters at the White House that the Iran war would end within weeks "whether we have a deal or not." Oil prices have skyrocketed since the U.S. and Israel launched strikes on Iran on Feb. 28, sparking retaliatory strikes across the Gulf from Tehran and the effective closure of
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