Trump Predicts Plunge in Gas Prices Post-Iran Conflict
On Thursday, President Donald Trump stated to reporters that gas prices would decrease significantly once the war in Iran concludes. Previously, global oil prices reached a four-year peak, exceeding $126 a barrel, due to fears that the conflict might result in a prolonged crisis.
Devdiscourse News Desk | Washington DC | Updated: 01-05-2026 00:51 IST | Created: 01-05-2026 00:51 IST
- Country:
- United States
President Donald Trump, addressing reporters on Thursday, confidently predicted a sharp drop in gas prices following the resolution of the ongoing conflict with Iran.
The global oil market had witnessed prices surge to a four-year high, topping $126 per barrel, amid concerns that the conflict could escalate into a prolonged crisis.
The president's comments come at a time when oil markets are closely watching geopolitical developments to gauge their impact on energy costs.
(With inputs from agencies.)
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