- President Trump stated in a Fox Business interview that a peace deal with Iran is very possible this month and would lead to much lower gas prices by Election Day
- Global oil markets reacted with WTI crude futures falling to approximately 91 dollars per barrel as traders weighed the potential for a second round of US-Iran peace talks
- The White House has reportedly held emergency meetings with oil executives as national gas prices averaged 4 dollars per gallon following a naval blockade of Iranian ports
- Federal Reserve officials warned that the ongoing oil price spike is creating a squeeze on consumers and complicates the central bank's goal of maintaining low inflation
- Analysts suggest that while a deal could reopen the Strait of Hormuz and restore oil flows within months, logistical constraints may make the supply recovery gradual
Trump predicts sharp drop in oil prices and inflation if Iran peace deal is reached
Apr 16, 2026, 6:13:51 PM UTC(10 hours ago)
Impact: Medium
Affected Assets
Sources
From:@DeItaone
TRUMP: IF DEAL HAPPENS, OIL GOES DOWN, PRICES GO DOWN AND INFLATION GOES DOWN
