Trump Sees Iran War Ending Soon After Mid-Term Elections, Predicts Oil Prices Will Then Fall Sharply
Trump said oil prices will tumble after the Iran war ends, as Brent crude settled down 2.8% to $104.61 a barrel.
- On Saturday, President Donald Trump predicted the Iran war will likely end soon after November's mid-term elections, telling reporters in Ireland that energy prices would fall sharply once the conflict concludes.
- Iranian President Masoud Pezeshkian declared in New Delhi that Iran 'will not yield in front of bullying arrogance,' rejecting Trump's earlier assertion that Iran would have devastated the Middle East without U.S. military action.
- Houthis reportedly seized Yemen's port city of Mokha on Friday and advanced to Perim Island, threatening the Bab el-Mandeb Strait, a critical shipping choke point connecting the Red Sea to the Gulf of Aden.
- Saudi Arabia shut down the East-West pipeline on Friday after drone attacks from Iraq damaged facilities in Riyadh and Medina; Trump suggested Iran was 'probably' responsible for the strikes targeting the kingdom's exports.
- Global oil prices retreated on Friday but remain volatile, with Brent crude peaking at around $108 a barrel this week, while Tehran prepares to meet Gulf states in Oman to discuss the Strait of Hormuz.
24 Articles
24 Articles
Trump again claims Iran war nearing end, makes bold prediction on oil prices: 'Will come tumbling down'
Speaking to reporters during a visit to Ireland, Trump predicted that the Iran war will end right after the US midterm elections in November, following which oil prices will sharply fall.
Trump Sees Iran War Ending ‘Very Soon’
“The war in Iran will likely end soon after November’s mid-term elections, President Donald Trump said Saturday, and predicted that energy prices would fall sharply once that happens,” CNBC reports. Said Trump: “I think very soon, I think it’ll be right after the mid-terms, actually. I would say shortly, and oil will come tumbling down […]
(Seoul/Berlin = Yonhap News) Reporter Ko Il-hwan, Correspondent Kim Gye-yeon = U.S. President Donald Trump believes the war with Iran will end immediately after the U.S. midterm elections in November...
U.S. President Donald Trump predicted that the war with Iran would come to an end around the time the U.S. midterm elections scheduled for this coming November conclude. According to foreign media outlets including Reuters on the 12th (local time), President Trump, who is visiting Dublin, Ireland, stated during a meeting with local reporters that it is highly likely the conflict will end immediately after the election. He said, “Iran [is [making…
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