Trump Predicts Oil Prices Will Fall Rapidly After US Victory Over Iran

WASHINGTON: US President Donald Trump has predicted that oil and gasoline prices will fall sharply after what he described as an American victory in the war with Iran.

In a post on his social media platform Truth Social, Trump said oil prices would decline “very rapidly” once the conflict was over.

He predicted that gasoline prices for American consumers could fall to around $3 per gallon, and eventually drop below $2 per gallon.

Trump also said Iran would not be able to acquire nuclear weapons in the future.

The president’s comments come as tensions surrounding Iran and the Strait of Hormuz continue to put pressure on global energy markets.

Oil prices have risen significantly during the recent escalation as traders assess the risk of supply disruptions and reduced tanker traffic through the strategic waterway.

According to the Financial Times, Brent crude has approached $98 per barrel in recent days as concerns over global supplies have intensified.

Trump said the situation would quickly return to normal after the war ends and argued that a US victory would remove much of the uncertainty currently affecting energy markets.

However, the timing and extent of any decline in oil and gasoline prices would depend on several factors, including the restoration of global oil supplies, the reopening of shipping routes and the broader response of international energy markets.

While Trump’s forecast points to significantly cheaper gasoline after the conflict, the prediction remains dependent on how and when the war ends and whether disruptions to oil production and transportation are fully resolved.

The Strait of Hormuz remains a crucial factor for energy markets, meaning any continued military escalation or disruption to shipping could keep oil prices elevated even after initial hopes of de-escalation emerge.