Trump Claims Oil Prices Will Be Lower By The MidtermsPresident Donald Trump acknowledged his war in Iran is hurting the U.S. economy, but claimed oil prices would come down soon as he predicted the conflict is nearing the end."There's going to be a hit, but it's going to recover, I think, fully," Trump told Fox Business' Maria Bartiromo in an interview recorded Tuesday.Trump added that oil prices would fall by the time November's midterm elections come around."I think we will be somewhere around where we were, maybe even lower," he said. "When this is over, I think the stock market is going to be boom, it's already booming." Trump claimed that even now the price of oil isn't as high as he expected it to be."If you told me that we were going to be at only $92 a barrel ... I would've been very surprised," he said. "And you know what? I'm very happy."BARTIROMO: Overall, the impact on the economy, do you expect a hit to growth and spike to inflation?TRUMP: There's gonna be a hit, but it's gonna recover I think fully pic.twitter.com/oPTQiXZsxa— Aaron Rupar (@atrupar) April 15, 2026See All UpdatesClose