Trump Predicts Oil Price Plunge as Iran Conflict Looms
US President Donald Trump has predicted that the oil price will drop 'like a rock' once the military conflict with Iran is over, which he believes will not be long.
In a post on his Truth Social platform, Trump blamed former President Joe Biden and his administration for nationwide price increases, claiming that even oil was higher under Biden than it is now.
The comments come as Brent crude prices surged more than 3% to above $108 a barrel after drone attacks forced Saudi Arabia to close its East-West oil pipeline.