Former President Trump announced that the conflict with Iran is "nearly over," leading to a 4% drop in WTI crude oil prices during Wednesday's Asian trading session. Trump suggested that U.S.-Iran negotiations could resume in Pakistan within the next two days, following previous talks in Islamabad. In an interview with Fox News, Trump expressed optimism about the resolution of tensions, stating, "I think it’s nearly over." This statement triggered a sell-off in crude oil markets. While Trump will not attend the potential negotiations, Vice President Vance is expected to lead the U.S. delegation if talks proceed before the current ceasefire expires next week.