Trump Gives Timeline for Oil Prices to Fall, Brent Pushes to May Highs
President Donald Trump said Wednesday that oil prices will not fall until right after the November midterm elections. He tied relief at the pump to an Iran war he expects Tehran to abandon once Americans vote. Brent crude, the global oil benchmark, climbed 3.78% to $103 the same day. That is its highest level since May, and it followed fresh strikes around the Strait of Hormuz. Oil and Brent Price Performances. Source: TradingView Sponsored Sponsored Oil Sets the Political Clock Trump spoke to reporters before flying to a Republican convention in Dallas, accusing Iran of dragging out the fighting to weaken his party in the midterms, the congressional elections held halfway through a presidential term. “I think its going to take a little bit longer than the midterm,” he said. He also argued Tehran is near collapse and would seek an end to the war immediately after the vote. No Iranian official has offered any such timetable. The conflict is now in its seventh month. President Donald Trump says the war in Iran will end after the November midterm elections, and that significant gasoline price relief wont come before then https://t.co/axw1jf2F1E pic.twitter.com/BKkVS9xTWV — Bloomberg TV (@BloombergTV) September 9, 2026 BeInCrypto reported a day earlier that Goldman Sachs saw $120 oil as









