Trump: "Oil prices could fall even further than before once the war ends"

JH Kim

Summary

U.S. President Donald Trump said international oil prices could drop below prior levels if the war with Iran ends.
Trump said oil prices may rise briefly but will ultimately fall.
Amid heightened tensions in the Middle East widening international oil price volatility, he was interpreted as emphasizing the potential for energy-market stabilization after the conflict ends.

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U.S. President Donald Trump said international oil prices could drop below prior levels if the war with Iran comes to an end.

On the 3rd (local time), according to Walter Bloomberg, Trump said, "Oil prices may rise briefly, but in the end they will fall," adding, "Once the war ends, they could fall even more than before."

With volatility in international crude prices widening amid heightened tensions in the Middle East, his remarks are interpreted as underscoring the potential for energy-market stabilization after the conflict ends.