Trump Says Oil and Gas Prices Won't Drop Until After Midterm Elections
Summary
President Donald Trump stated that elevated energy prices resulting from the Iran war will not decline until after the midterm elections.
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U.S. President Donald Trump has stated that oil and gas prices are unlikely to decrease before the upcoming midterm elections. According to Trump, relief in energy costs will only occur immediately after the vote.
The president linked the current surge in energy prices directly to the ongoing conflict involving Iran. Geopolitical tensions continue to support elevated price levels across global oil and natural gas markets.
Source: CNBC
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