Trump predicts oil prices to drop sharply after US victory

US President Donald Trump has said oil prices will fall steeply once Washington prevails in its confrontation with Iran, according to Mettis Global. In a Truth Social post, he tied the current high cost of energy to the military standoff in the Middle East and argued that relief would arrive quickly after the conflict ends.

He forecast that gasoline would first level off near $3 a gallon and later slip below $2, describing the drop as something that would happen fast. Trump also repeated that Iran must not be allowed to obtain a nuclear weapon and said progress on that issue could likewise move rapidly.

The remarks come as crude markets stay unsettled, with international benchmarks having climbed steeply in recent sessions over concern that shipments through the Strait of Hormuz could be disrupted. Brent and WTI have both hovered close to recent peaks. For Pakistan, which depends heavily on imported crude, changes in international prices usually pass through to domestic fuel rates and the national import bill.