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Trump says oil and gas prices won’t fall until ‘right after’ midterm election
- On Wednesday, President Donald Trump told reporters before traveling to the Republican National Midterm Convention that energy prices will remain elevated until after the midterm elections, predicting "right after the election, oil prices are going to be tumbling downward."
- The ongoing conflict with Iran, now in its seventh month, has strained global energy supplies; Trump initially predicted the war would last only weeks before the situation escalated.
- International Brent crude surpassed the $100 threshold today, while U.S. gasoline prices hit $4.22 per gallon after rising 7 cents overnight, according to AAA; diesel reached an all-time high Friday.
- Trump added that he believes Iran will finally relent after the U.S. elections, stating, "I think the war's going to end immediately after the election because they can't hold out any longer."
- Markets reacted after the U.S. military struck five Iranian tankers in response to missile attacks on a Navy warship, while Iranian-backed Houthi rebel attacks ignited fires at oil facilities in Saudi Arabia.
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Associated Press News+2 Reposted by 2 other sources
Trump says oil prices that spiked because of Iran war likely won't come down until after midterms
President Donald Trump says oil prices that spiked because of the Iran war likely won’t come down until after the US midterm elections. Oil prices jumped more than 3% today, pushing international Brent crude past the $100 threshold for the first time since July as salvos between the U.S. and Iran es
·New York, United States
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Coverage Details
Total News Sources6
Leaning Left2Leaning Right0Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
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