According to the news, when does Trump predict oil prices will fall and why?

Trump predicts oil prices will not fall until after the U.S. midterm elections, stating, 'Right after the election, oil prices are going to be tumbling downward,' and adding, 'I think it’s going to take a little bit longer than the midterm.' He links this timing to his belief that Iran will only relent and end the war after the elections, saying, 'I think the war’s going to end immediately after the election because they can’t hold out any longer,' and accusing Iran of trying to influence the election by sustaining the conflict to install a 'weak group of people' who would allow Iran to obtain a nuclear weapon.

What impact has the U.S.-Iran conflict had on global oil flows and U.S. fuel prices, according to the article?

The U.S.-Israel war against Iran has caused a 'dramatic slowdown of Gulf oil moving through the Strait of Hormuz,' a critical chokepoint through which about 20% of the world’s petroleum passed before the conflict. Domestically, U.S. benchmark crude reached around $96 a barrel, Brent crude surpassed $100 for the first time since July, gasoline averaged $4.22 per gallon (over $1 above last year), and diesel hit an all-time high of $5.94 per gallon — rising 9 cents overnight — with jet fuel also becoming 'so expensive' that U.S. and international airlines face severe cost pressures.

Trump Says Oil Prices Spiked by Iran War Won't Fall Until After Midterms

Sep 10, 2026

President Trump predicts oil prices driven by the Iran conflict will remain high until after U.S. midterm elections. Global crude surpassed $100/barrel, causing significant spikes in gasoline, diesel, and jet fuel costs across the U.S.

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