Trump links oil prices to Iran war

President Donald Trump tied high oil prices directly to the war with Iran in a September 7 social-media post and said prices would fall after the United States wins the conflict. The post, surfaced in an X item shared by Drop Site News, echoed Trump’s earlier public comments linking fuel costs to the fighting. In the September 7 post, Trump did not set a timetable for lower prices in the source material first circulated on X. He instead framed the expected drop as contingent on a U.S. victory. ### What exactly did Trump say on September 7? Trump wrote on Truth Social on September 7: “Oil prices will drop precipitously” when “we WIN the war with Iran,” according to a searchable mirror of the post. The same post said gasoline would move to “Three Dollars a gallon, but ultimately, below Two Dollars a gallon.” Drop Site News shared the claim on X on September 7, summarizing Trump as saying high oil prices were due to the ongoing war with Iran and that prices would fall once the United States wins. (trumpstruth.org) The social post cited in the card did not include a detailed target path or timing beyond that broad prediction. ### Was this a new line from Trump or part of a longer pattern? August 7 remarks reported by Al Jazeera showed Trump had already been telling reporters that fuel prices would drop when the conflict ended. (trumpstruth.org) In those remarks, he said of the war with Iran, “I think it’s going to end pretty soon,” while linking the end of the conflict to lower petrol prices. (dropsitenews.com) August 4 remarks reported by ABC News showed Trump also criticizing Exxon and Chevron over profits he said were inflated by wartime energy prices. He told reporters the companies were “making too much money” on high oil prices amid the Iran war and urged them to lower retail fuel prices. ### What evidence is there that the war has moved oil prices? (aljazeera.com) The Feb. 28 attacks on Iran by the United States and Israel were described by ABC News as the start of a conflict that sent petroleum prices higher and hit motorists at the pump. ABC reported that Chevron posted $12 billion in profit for the three months ending in June and Exxon reported $14.5 billion for the same period, both benefiting from the pricing environment created during the war. (abcnews.com) AP, in a report carried by Yahoo and published August 2, said oil prices had swung widely since the late-February attacks and had moved above $100 per barrel multiple times during the spring. The same report said U.S. crude fell 5% to $80.79 a barrel and Brent fell 5% to $83.87 after Trump said he would hold off on new strikes against Iran, illustrating how quickly war-related developments were moving the market. (abcnews.com) ### Did Trump give a timetable or policy mechanism? September 7 is the key date for Trump’s latest claim, but the sourced post did not spell out when gasoline would reach the levels he predicted. The post gave a directional forecast — first to $3 a gallon and later below $2 — without attaching dates, production targets or a formal White House plan in the text available through search results. (yahoo.com) White House messaging in recent weeks has paired Iran policy with energy claims, including an August 24 release on “Operation Economic Outcast” and a September 2 White House post describing what it called a major oil deal. Those releases show the administration continuing to connect Iran policy and oil supply in its public communications. (trumpstruth.org) ### What comes next? Last week, USA Today reported that Trump planned a meeting with U.S. refiners and fuel distributors aimed at expanding refining capacity and lowering gasoline prices. Any further detail on Trump’s September 7 prediction is likely to emerge either through additional Truth Social posts, White House remarks pages or follow-up comments tied to those refiner meetings. (usatoday.com) (whitehouse.gov)