The price of Brent crude oil to be delivered in May rose by a record 64% in March as the conflict disrupted energy supplies.

On Tuesday stateside, Trump said the U.S. could leave Iran in "two or three weeks," adding "We leave because there's no reason for us to do this."

President Donald Trump said U.S. troops will withdraw from Iran in 2-3 weeks, renewing market optimism of an end to the conflict, which has disrupted energy markets.

The price of Brent crude oil to be delivered in May rose by a record 64% in March as the conflict disrupted energy supplies.

Crude prices extended gains as traders weighed escalating attacks in the Persian Gulf and signs that President Donald Trump was contemplating an exit from the Iran conflict.

US president’s claim that conflict is nearing end prompts 15% drop in Brent crude and stock market climb in Asia

U.S. President Donald Trump said on Tuesday the United States will be done attacking Iran probably in two to three weeks.

Oil rose in volatile trading as Trump in his address to the nation on Iran war said that he expected the conflict to last another two to three weeks.

The US president said he'll bring Iran "back to the Stone Age" but gave no detail on ending the war.