Trump Predicts Oil Price Plunge Post-Iran Conflict
In an interview, President Trump stated that oil and gas prices will significantly drop after resolving the Iran conflict. He expects the prices to stabilize around USD 92 per barrel and gas prices to decrease by the upcoming elections. Trump retracted prior misquotes on oil cost predictions.
- Country:
- United States
President Donald Trump has projected a significant decrease in oil prices following the conclusion of the ongoing conflict with Iran. In a Sunday interview with Fox News’ Maria Bartiromo, Trump mentioned that fuel prices could stabilize or even rise slightly by the upcoming congressional elections in November.
However, Trump later clarified these remarks, asserting they were misquoted, and conveyed a more optimistic outlook for energy markets. Speaking from the White House in a taped interview with Bartiromo broadcast on Wednesday, he expressed contentment with oil priced at USD 92 per barrel but anticipated a substantial price drop post-conflict.
Trump emphasized that once the war has settled, gas prices, currently over USD 4 a gallon, will decrease significantly, calling for a hopeful resolution soon. By the elections, he envisions a more affordable energy landscape for consumers.
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