During a press briefing, President Trump indicated that high energy prices, driven by the ongoing war with Iran, are unlikely to decrease until after the midterm elections in early November. He stated that global oil prices have surged, with Brent crude exceeding $101 per barrel and U.S. West Texas Intermediate surpassing $96 per barrel.
Trump suggested that the resolution of the conflict would occur immediately following the elections, implying that the current geopolitical tensions are affecting both prices and political outcomes. He also claimed that gas prices could drop below $2 per gallon post-election, indicating that consumers may face continued financial pressure in the interim.
Trump's comments reflect a shift in his narrative regarding the war, as he now seems to focus on military action rather than diplomatic solutions, which could have implications for energy markets and the political landscape as voters prioritize inflation and affordability