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Trump says oil prices that spiked because of Iran war likely won't come down until after midterms
Global oil prices surpassed one hundred dollars per barrel; officials predict costs will decrease after midterm voting
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LA NACION
WASHINGTON (AP) — President Donald Trump said Wednesday that oil prices that have surged because of the Iran war likely won’t come down until after U.S. midterm elections.
Oil prices jumped more than 3% today, pushing international Brent crude past the $100 threshold for the first time since July as salvos between the U.S. and Iran escalated.
“Right after the election, oil prices are going to be tumbling downward," Trump said. "I think it’s going to take a little bit longer than the midterm.”
Trump, in an exchange with reporters before traveling to Dallas for the midterm Republican convention, added that he believes Iran will finally relent after the pivotal elections are held in the U.S.
“I think the war’s going to end immediately after the election because they can’t hold out any longer,” Trump said.
The president at the outset of the war said it would last a matter of weeks. The war is now in its seventh month.
LA NACION
