Trump Predicts End of Iran War Will Spark Oil Price Collapse
US President Donald Trump claims that the war in the Middle East is nearing its end and oil prices will plummet once it's over. Speaking to reporters, he stated that Iran would soon surrender and the war would be brought to a close.
The White House chief predicted that oil prices would begin falling as soon as Iran surrenders and the war ends, with prices expected to drop sharply. Trump also claimed that food prices in the US have fallen significantly compared to the period under his predecessor, Joe Biden.
In addition, Trump noted that almost all prices had fallen, and that oil was now cheaper than it had been during the Biden administration. He pointed out that the US is currently exporting large volumes of oil, with a record amount moved through the Strait of Hormuz the previous night.