Trump says oil prices that spiked because of Iran war likely wonât come down until after midterms
Finance
Politics
September 9, 2026
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U.S. PresÂiÂdent DonÂald Trump said WednesÂday that oil prices that have surged beÂcause of the Iran war likeÂly wonât come down unÂtil afÂter U.S. midterm elecÂtions.
Oil prices jumped more than 3% toÂday, pushÂing inÂterÂnaÂtionÂal Brent crude past the $100 threshÂold for the first time since JuÂly as salvos beÂtween the U.S. and Iran esÂcaÂlatÂed.
âRight afÂter the elecÂtion, oil prices are goÂing to be tumÂbling downÂward,â Trump said. âI think itâs goÂing to take a litÂtle bit longer than the midterm.â
Finance
Politics
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