President Donald Trump said the United States “may have to” send oil prices higher again, adding a new twist to his recent messaging on energy prices as the war with Iran continues.
Speaking in Las Vegas, Trump said oil prices had recently stabilised and repeated his prediction that they would eventually fall once the Iran conflict ends. But he then suggested prices might first need to rise again, without explaining what action he was referring to.
The comments come after months of volatility in energy markets. The Iran war has pushed oil and US gasoline prices higher, even as Trump has argued that higher crude prices can also benefit the United States because it is the world’s largest oil producer.
Trump has repeatedly said he expects oil prices to decline once the conflict is resolved, although that forecast has yet to fully materialise. His latest remarks leave uncertainty over whether the administration is considering new energy measures or was simply commenting on possible market moves.
Investor takeaway: Trump’s comments add another layer of uncertainty to an already volatile oil market. For investors, developments in Iran and any clarification of US energy policy remain the main factors to watch.
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