Trump Predicts Oil Prices Will Plummet After Iranian Conflict Ends

US President Donald Trump claimed that global oil prices will decrease once the conflict with Iran concludes. He stated that fuel costs are already lower than during his predecessor Joe Biden's administration.

In a speech before departing the White House, Trump highlighted energy production trends, claiming that a record volume of oil was extracted overnight, surpassing pre-war production levels. 'Oil will come dropping down as soon as Iran gives up, as soon as the war is over, which will be soon,' he said.

Trump also pointed to broader economic relief for consumers, stating that grocery prices have fallen sharply under his administration. He added that record US employment figures, the lowest poverty rate in American history, and peak per-capita income levels are indicators of a strong economy.