Washington: In a recent interview with Maria Bartiromo of Fox News, US President Donald Trump discussed the future of oil prices, suggesting a significant reduction once the ongoing conflict in Iran concludes. Trump indicated that while fuel prices might remain the same or experience a slight increase by the upcoming November congressional elections, a substantial decrease is expected post-conflict.
According to United News of Bangladesh, the President’s comments came after an earlier statement, which he claimed was misquoted, suggesting that he was trying to mitigate any backlash from his previous remarks. During the interview taped on Tuesday at the White House and aired on Wednesday, Trump expressed satisfaction with oil prices at approximately $92 per barrel, noting that prices are expected to “come dropping down very big” once the war is resolved. He further speculated that the conflict could reach a resolution soon.
Additionally, Trump predicted that gas prices, currently averaging slightly above $4 p
er gallon, will see a notable decrease by the time of the elections. Emphasizing the impact of the conflict resolution on fuel costs, he stated, “When that’s settled, gas prices are going to go down tremendously.” This projection aligns with his overall message that the end of the war in Iran will bring about significant economic changes, particularly in the energy sector.