**Oil Prices Plummet to $90 Per Barrel Amid Uncertainty Over Iran Conflict** In a recent turn of events, the global oil market witnessed a significant downturn, with prices plummeting to $90 per barrel. This development comes on the heels of US President Donald Trump's comments that the ongoing conflict with Iran may come to an end sooner than expected. Trump's remarks, which were made in the context of the ongoing US-Israeli war with Iran, sent shockwaves through the global energy market. According to reports, Trump stated that the war was "very far ahead of schedule" and "very complete, pretty much." This statement was seen as a catalyst for the significant drop in oil prices, with Brent crude sliding below $90 a barrel and the US benchmark falling to around $85 a barrel. The sudden drop in oil prices was a welcome relief for investors, who had been grappling with the impact of the escalating conflict on the global economy. As a result, stock markets in the US rallied, with the Nasdaq composite leading the charge with a gain of 1.4 per cent. Meanwhile, the Group of Seven (G7) finance ministers have announced that they are prepared to release strategic oil reserves to stabilize the global energy market if necessary. This statement was made by France's Finance Minister after an extraordinary meeting of the G7 group. The development has significant implications for Nigeria, which is heavily reliant on oil exports to drive its economy. A drop in oil prices can have a positive impact on the country's balance of payments and trade deficit. However, it remains to be seen how long the current downward trend in oil prices will last. The conflict with Iran has been a major concern for global energy markets, with many fearing that it could lead to a shortage of oil supplies and a subsequent surge in prices. However, with Trump's comments suggesting that the war may be drawing to a close, investors are breathing a sigh of relief. As the situation continues to unfold, one thing is certain: the global energy market will be closely watching developments in the Middle East to determine the future trajectory of oil prices. With the G7 prepared to intervene if necessary, the stage is set for a potentially volatile and unpredictable ride for oil markets in the coming weeks and months.