Will the US and Israeli war on Iran soon be over? And, second, would an end to the war for Donald Trump mean it has also ended for Iran, Israel or both? In sum, a ceasefire, not peace, seems a plausible near-term outcome, largely driven by Trump’s worries over oil prices. Oil prices could hit $150 a barrel and prices of gas in the EU (per megawatt hour) could hit €120. – Copyright The Financial Times Limited 2026[ How the Iran war is impacting the world’s economiesOpens in new window ]

Source: The Irish Times March 11, 2026 19:32 UTC