Brent Crude Falls Below $90 as Trump Says Iran War Is Ending

Brent crude dropped below $90 a barrel, its lowest level since August, after President Donald Trump said during a White House press conference that the US war on Iran was "effectively over," according to the Guardian's First Thing newsletter.

What did Trump say about the war with Iran?

Trump told reporters that Israel and Gulf allies in the region were well protected from Iran and that further escalation was not needed, the Guardian reported. "We're seeing momentum toward the end of this conflict. I think it's going to be ending fairly soon," Trump said, according to the newsletter. He added that the United States remained "locked and loaded, ready to go for any reason," a statement that leaves open the possibility of renewed US military action even as he described the conflict as winding down. The two statements were not reconciled in the reporting, and no timetable for a formal end to hostilities was given.

How far did oil prices fall, and why does that matter?

Brent crude futures fell under the $90-a-barrel mark, a level not reached since August, the Guardian reported, in a market reaction traders typically tie to easing fears of a wider Middle East supply disruption. Two figures anchor the move: the sub-$90 price point itself, and the August benchmark against which that drop is being measured. Neither the newsletter nor the sourcing available names an exchange reference point, trading volume, or an analyst commentary explaining the mechanics of the price move, so this report does not speculate on causation beyond the president's remarks and the timing the Guardian described.

What is the status of the impeachment push against Pete Hegseth?

Republican Representative Thomas Massie of Kentucky introduced eight articles of impeachment against Defense Secretary Pete Hegseth, moving to force a vote on removing him from office, the Guardian reported. The articles accuse Hegseth of illegally waging war without congressional authorization and of abusing his powers, according to the newsletter. The Guardian's account does not specify a scheduled floor vote date or indicate how many lawmakers have signaled support for the measure, so the outcome and timing of any vote remain unresolved based on available reporting.

What happened at RAF Mildenhall?

The US military evacuated aircraft from a second airbase in Britain after what the Guardian described as a threat from Iran. Two US refueling tankers based at RAF Mildenhall diverted to Germany on Monday morning, and several additional tankers stationed at the base were moved to Germany and other locations later the same day, according to the newsletter. The report does not specify the total number of aircraft affected across both British bases or identify the nature of the threat beyond attributing it to Iran, limitations this account preserves rather than filling in.

What to watch next

• Whether Brent crude holds below $90 a barrel or rebounds if fighting resumes, a threshold the Guardian tied to the lowest level since August.
• Whether Massie's eight articles of impeachment against Hegseth reach a House floor vote, and how Republican leadership responds to a measure brought by a member of the president's own party.
• Whether additional US tanker or aircraft movements out of British bases follow the RAF Mildenhall diversions, which could signal further concern about Iranian threats to US assets in Europe.
• Whether Trump's "locked and loaded" language is followed by any new military action, given his simultaneous description of the conflict as nearing its end.

The Guardian's newsletter format compresses several developments — the oil market move, the impeachment filing, and the UK base evacuations — into a single morning briefing, and this report relies on that single sourcing chain. No independent market data provider, Pentagon statement, or congressional record was available to corroborate the figures or confirm next procedural steps, and none of those details should be assumed beyond what the newsletter reported.