Trump suggests US-Iran war to end 'very soon' and ' oil prices will come tumbling down'
President Donald Trump predicted that the ongoing conflict with Iran will conclude shortly after the midterm elections, leading to a significant drop in oil prices. He cited Iran's high inflation rates as a primary driver for the expected resolution.
Why it matters
The intersection of geopolitical conflict, election-year rhetoric, and energy market volatility remains a critical concern for global economic stability.
President Donald Trump gestures at a campaign rally at The Mitchell Center in Mobile, Ala., on Friday, Oct. 2, 2026. (Jacquelyn Martin/AP) President Donald Trump said Friday that he expects the war with Iran to end "very soon" and predicted oil prices will fall sharply once the conflict is over.
Speaking at a midterm campaign rally in Mobile, Alabama, Trump pointed to Iran's economic troubles and claimed the country is experiencing roughly 310% inflation.
"Their economy is down the tubes. They have one thing they really do have. It's called inflation. They have about 310% inflation. And we'll see what happens," Trump said.
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8 other newsrooms covered this event. We read each version separately.
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