Oil plunges 10% on Trump's Iran comments, but the chaos could continue

A trader works on the floor of the New York Stock Exchange.

Angela Weiss/AFP/Getty Images

• Oil prices plunged as President Donald Trump suggests the Iran war could be over soon.
• US stock futures dip amid jittery trading on oil swings and geopolitical uncertainty.
• Asian markets are bouncing back after steep losses, but energy volatility remains high.

Oil prices plunged late Monday after President Donald Trump signaled that the Iran war may be nearing an end.