Trump: Oil prices to 'plunge' once the war ends

JH Kim

Summary

U.S. President Donald Trump said international oil prices would "drop like a rock" after the war ends.
He said that as tensions in the Middle East rise and concerns over energy supply disruptions grow, geopolitical risk is acting as a factor lifting oil prices.
He added that if the conflict ends, that premium could unwind quickly, raising the possibility of a price decline.

Forecast Trend Report by Period

U.S. President Donald Trump said international oil prices could plunge after the war ends.

On the 17th (local time), Walter Bloomberg reported that Trump said, "As soon as the war is over, oil prices will drop like a rock."

The remark comes as heightened tensions in the Middle East have increased concerns over energy supply disruptions. Markets view geopolitical risk as a driver of higher oil prices, but some analysts say that if the conflict ends, that premium could unwind quickly, pushing prices lower.