Oil prices fell while cryptocurrencies posted modest gains on Monday after US President Donald Trump told reporters that war with Iran could be coming to an end — even as he later ramped up the war rhetoric again on social media.

In a phone interview with CBS News on Monday, Trump made it appear that the war in Iran was wrapping up. The US military claims to have struck more than 3,000 Iranian targets in the first week of operations.

“I think the war is very complete, pretty much,” Donald Trump told CBS News. “If you look, they have nothing left. There’s nothing left in a military sense,” he added.

The comments saw oil prices fall 28% from their four-year high of $118 on Monday to around $85 in the hours that followed,…