Washington, DC: US President Donald Trump claimed on Monday (local time) that oil prices will drop sharply once the United States achieves victory in its conflict with Iran, forecasting that gas prices could fall below two dollars per gallon.
In a post on his Truth Social platform, Trump linked high energy costs directly to ongoing military operations in the Middle East, asserting that post-war markets would stabilise rapidly.
"Oil prices will drop precipitously, like everything else is dropping (but more!), when we WIN the war with Iran," Trump wrote. "Three Dollars a gallon, but ultimately, below Two Dollars a gallon."
Trump further reiterated his threat that the US will not let Iran have a nuclear weapon.
"It will all happen quickly, and Iran will never have a Nuclear Weapon. MAGA!" he added.
Earlier, Iranian Parliament Speaker Mohammad Bagher Ghalibaf issued a stark warning to Washington against any misadventures targeting Iranian energy facilities, warning of sharp repercussions.
In a post on X, he said that Iran's oil and gas production chain is "sprawling, accessible, and exposed." He added, "American oil and gas companies across these waters and facilities share that exposure. Strike our assets, and you get struck. We’ve already proven it. Ask the bases that are no longer viable."
In an image shared along with the post, Ghalibaf said, "The lost decade of the US Economy is coming, because some clowns at D.O. [I]. W. decided so."
Ghalibaf made the remarks as he reshared a post by US Secretary of War Pete Hegseth, who claimed that Iran's "oil tanker fleet is defenceless," reiterating Washington's claims of the destruction of Iran's navy and air force.
Hegseth said, "It’s simple: if Iran shoots at U.S. ships, we will destroy (and sink) their oil tankers. All they have to do is not shoot at @USNavy. Iran’s oil tanker fleet is defenceless — Iran has no navy or air force. Our planes, ships & subs can strike them all in @CENTCOM & @USPACOM."