President Donald Trump this week said oil prices would fall "right after" the midterms, offering his prediction on the same day global crude prices topped $100 a barrel.

President Donald Trump said energy prices that have been elevated due to the Iran war will not come down until after the midterm elections.

Oil prices jumped more than 3% today, pushing international Brent crude past the $100 threshold for the first time since July as salvos between the U.S. and Iran escalated.