Oil prices slumped on Tuesday after U.S. President Donald Trump said the war with Iran may not last that long.
Trump told CBS News that he thinks "the war is very complete, pretty much and they have nothing left in a military sense." Trump also added that he's thinking about taking over the Strait of Hormuz.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.