Trump Predicts Oil Prices Will Tumble After Midterm Elections

Oil prices surged more than 3% on Wednesday, pushing international Brent crude past $100 for the first time since July. This increase is directly linked to the ongoing Iran war, which has escalated in recent days.

President Donald Trump stated that oil prices are unlikely to decrease until after the US midterm elections. He believes that Iran will finally relent after the pivotal elections are held in the US, and the conflict will end immediately thereafter.

Trump's statement contradicts his earlier claim that the war would last only a matter of weeks. The conflict is now in its seventh month, with no clear end in sight.