Commodities
Trump Predicts Oil Prices Will Plummet Below $2/Gallon After US Victory Over Iran
US President Donald Trump claimed on Monday that oil prices will drop sharply once the United States achieves victory in its conflict with Iran. In a post on his Truth Social platform, Trump linked high energy costs directly to ongoing military operations in the Middle East.
Trump forecasted gas prices could fall below two dollars per gallon, saying 'Oil prices will drop precipitously, like everything else is dropping (but more!), when we WIN the war with Iran. Three Dollars a gallon, but ultimately, below Two Dollars a gallon.'
The Iranian Parliament Speaker Mohammad Bagher Ghalibaf issued a stark warning to Washington against any misadventures towards Iranian energy facilities, warning of sharp repercussions.