Trump predicts oil prices to drop sharply after US victory

PSX Update • Sep 8, 2026

President Donald Trump said oil prices would drop sharply once the United States secures victory in its conflict with Iran, predicting gasoline could eventually fall below $2 a gallon.

September 08, 2026 (MLN): President Donald Trump said oil prices would drop sharply once the United States secures victory in its conflict with Iran, predicting gasoline could eventually fall below $2 a gallon. In a post on his Truth Social platform, Trump linked elevated energy costs to the ongoing military confrontation in the Middle East, arguing that prices would ease quickly once the conflict concludes. He said...