‘Oil prices will plummet,’ says Trump as he promises end to Iran war ‘very quickly’

Key points

• United States President Donald Trump on Tuesday, May 19, said that the war with Iran will end “very quickly”, helping the oil prices to go down, while claiming that Iran wanted to make a deal “so badly”.
• The Iran and the US war has triggered the crude prices to go up drastically, impacting inflation across nations.
• Addressing a press conference in Washington, Donald Trump said oil prices would decline in the coming weeks.
• He also said that global oil prices were expected to fall due to abundant supply.
• Donald Trump said, “There's so much oil out there, they're going to come plummeting down..We're going to end that war very quickly.