Trump Predicts Ominous End for Iran and Decline in Oil Prices

US President Donald Trump has made a statement about Iran's economic situation, suggesting that it is failing badly and will soon come to an end. In relation to oil prices, Trump believes they will tumble down as a result.

The White House has also urged the European Union to draw down emergency diesel inventories in order to lower global prices, according to two sources familiar with the effort. This move is part of a range of options being pursued by Trump and his administration to ease fuel costs before November's midterm elections.