Finance

Trump says oil and gas prices won’t fall until ‘right after’ midterm election

President Donald Trump said energy prices that have been elevated due to the Iran war will not come down until after the midterm elections.​President Donald Trump said energy prices that have been elevated due to the Iran war will not come down until after the midterm elections. 

U.S. President Donald Trump speaks to the media before boarding Air Force One for a trip to the Republican National Midterm Convention, at Joint Base Andrews, Maryland, U.S. September 9, 2026.
Evan Vucci | Reuters

President Donald Trump on Wednesday said energy prices that have been elevated due to the Iran war will not come down until after the midterm elections.

“Right after the election, oil prices are going to be tumbling downward,” told reporters before heading to Texas for the Republican Party’s midterm convention.

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