Trump Predicts Iran War Will End Soon After Midterms, Sees Oil Prices Falling
President Trump said he expects the conflict with Iran to conclude shortly after the midterm elections, forecasting a sharp drop in oil prices, as crude retreated Friday after a volatile week.
President Donald Trump said he expects the ongoing conflict with Iran to end soon after the upcoming midterm elections, according to CNBC. He predicted that oil prices would fall sharply once the war concludes.
Trump's remarks come amid a turbulent week for energy markets. Oil prices retreated on Friday, CNBC reported, as traders responded to hopes that negotiations between the United States and Iran could resume.
Despite the Friday pullback, crude notched sharp weekly gains after prices soared above $100 a barrel earlier in the week, according to the report.
CNBC did not provide additional details on the specific terms Trump expects for an end to the conflict or a timeline for renewed negotiations. The report did not specify further comments from Iranian officials or other market analysts on the trajectory of oil prices.
Sources
- Trump sees Iran war ending soon after mid-term elections, predicts oil prices will then fall sharply — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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