US President Donald Trump has said Oil price will come down ‘more than anybody understands’.
As we just reported oil prices are up again, having already increased during the US-Israeli war with Iran.
But speaking to his supporters in Kentucky yesterday, US President Donald Trump said yesterday’s decision by 32 countries to release oil reserves would “substantially reduce oil prices”.
Earlier in the day, whilst touring a business in Cincinatti, Trump called fluctuations in oil prices a “matter of war”.
“Prices are coming down very substantially,” he said.
“Oil will be coming down. That’s just a matter of war that happens. You can almost predict it. I would say it went up a little bit less than we thought. It’s going to come down more than we, than anybody understands.”
He later said the US would “look very strongly” at the Strait of Hormuz, adding: “The straits are in great shape. We’ve knocked out all of their boats. They have some missiles, but not very many.”