Trump Predicts Oil Prices Will Plummet Once Iran Conflict Ends
US President Donald Trump stated that global oil prices will decrease once the conflict with Iran concludes. He claimed that fuel costs are already lower than during his predecessor Joe Biden's administration.
Speaking briefly before departing the White House, Trump highlighted energy production trends, citing a record volume of oil 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 praised record US employment figures, the lowest poverty rate in American history, and peak per-capita income levels. 'We have the best deployment numbers just came out in the history of our country. More people working today than at any time ever before,' he stated.