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

JH Kim

Summary

U.S. President Donald Trump said global oil prices could fall below their previous levels if the war with Iran ends.
Trump said oil prices may rise briefly but will ultimately decline, and could fall even further than before once the war ends.
Amid heightened Middle East tensions that have increased global oil-price volatility, the remarks were interpreted as emphasizing the potential for energy-market stabilization after the conflict ends.

Forecast Trend Report by Period

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

According to Walter Bloomberg on the 3rd (local time), President Trump said, "Oil prices may rise briefly, but ultimately they will fall," adding, "When the war ends, they could fall even further than before."

With volatility in global oil prices increasing amid heightened tensions in the Middle East, Trump's remarks are seen as underscoring the possibility of stabilizing energy markets after the conflict subsides.