GoKawiilTrump: Oil Prices Won't Drop Until After Midterms Amid Iran War
President Trump said Wednesday that oil prices, driven up by the ongoing Iran conflict, will likely stay elevated until after U.S. midterm elections. His remarks came as Brent crude topped $100 a barrel for the first time since July, with prices jumping over 3% amid escalating U.S.-Iran military exchanges.
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The admission ties a major economic pain point—gas prices—directly to the unresolved war, undercutting earlier promises of a quick resolution now in its seventh month. With roughly 20% of global oil normally flowing through the Strait of Hormuz disrupted, continued conflict threatens broader economic instability heading into a politically charged election season.
- Brent crude surpassed $100/barrel for the first time since July amid the Iran conflict.
- Trump says oil prices won't fall until after U.S. midterm elections, contradicting earlier expectations of a short war.
- Disrupted Strait of Hormuz traffic, which normally carries 20% of global oil, is straining energy markets.
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Published there as: “Surging oil prices from Iran war will be ‘tumbling downward’ after midterms, Trump says”
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