US President Donald Trump predicted that oil prices would fall soon after the end of his regime’s military operation in Iran.
“Oil prices may go up in the short term, but then they’ll go down,” President Trump said in the Oval Office ahead of a meeting with German Chancellor Friedrich Merz.
8% increase
Oil prices rose about 8% yesterday, hitting their highest level since July 2024 for the third straight session, as the escalation of the US and Israel’s war against Iran disrupted oil and gas shipments in the Middle East and raised fears of a long-term conflict.
US President Donald Trump predicted that oil prices would fall soon after the regime-led military operation in Iran ends.
“Oil prices may go up in the short term, but then they’re going to go down,” Trump said in the Oval Office before meeting with German Chancellor Friedrich Merz.
8% increase
Oil prices rose about 8% yesterday, hitting their highest level since July 2024 and marking the third consecutive increase, as the scope of the U.S.-Israel war against Iran widens, disrupting oil and gas shipments in the Middle East and raising concerns about a protracted conflict.
