U.S. President Donald Trump said during a speech in Las Vegas on Aug. 5 local time that oil prices have fallen recently and become stable to some extent, adding that “we may have to raise it again,” though he said he hopes it will not come to that. Trump did not explain what he meant by the remark. The comment was reported by BlockBeats on Aug. 6. An Associated Press analysis noted that, despite Trump’s repeated assurances that the war with Iran is nearing an end, oil prices typically rise when conflict between the two sides flares up again. The report did not include any further clarification from Trump on whether he was referring to policy, market conditions, or geopolitical developments.
BlockBeats reported on Aug. 6 that U.S. President Donald Trump, speaking at an event in Las Vegas on Aug. 5 local time, said oil prices have fallen recently and stabilized to some extent, adding, “we may have to raise it again,” while also saying he hopes it will not come to that.
Trump did not elaborate on what he meant.
An analysis from The Associated Press said that although Trump has repeatedly said the war with Iran is close to ending, oil prices usually rise if conflict between the two sides breaks out again.
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