Trump: Oil prices will plummet sharply after victory in the war with Iran

US President Donald Trump predicted a sharp drop in oil prices when the United States achieves what he described as a “victory in the war with Iran,” while simultaneously asserting that Tehran would not possess a nuclear weapon.

Trump stated on his platform, Truth Social, that oil prices “will drop sharply” when the US wins the war with Iran, adding that the decline would be greater than drops seen in other commodities.

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He added that US gasoline prices would fall to $3 per gallon, and eventually to less than $2 per gallon, expecting this to happen quickly.

Trump emphasized that Iran would not possess a nuclear weapon.