Trump Predicts Post-War Oil Plunge
Trump Predicts Oil Prices Will Plunge Once The Iran Conflict Ends
Anonymous
President Donald Trump said the Iran war would end “soon” and oil prices would plunge once Iran gives up, while also claiming grocery prices and oil prices are lower than under Joe Biden. He said the United States moved a record amount of oil through the Strait of Hormuz overnight, but provided no figures. The remarks came amid continued shipping disruptions; Trump had rejected Iran’s proposal to reopen the strait to commercial traffic within seven days. While Trump has repeatedly forecast a near-term end to the fighting, reports citing people close to him suggest he may continue military action while seeking concessions from Tehran, including on its nuclear program.
Key Points
1
A CNN/SRSS poll cited by Indy100 found that roughly one in four Americans approved of the Trump administration’s handling of the Iran war.
2
RBC-Ukraine reported that media accounts said Trump was planning to resume bombing Iran after the U.S. elections—an additional indication that the conflict could continue beyond his public prediction of a near-term end.
3
The Strait of Hormuz had been effectively closed since the war began in February, disrupting shipping and contributing to sharp fluctuations in global energy prices, according to Meaww.
4
Trump’s remarks drew public criticism online; former Republican congressman Joe Walsh wrote, “Every word he says here is a lie. Every single word,” Indy100 reported.
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