Story perspectives

Trump Says Oil Prices Won’t Drop Until After Midterms

By Drooid · Sep 11, 2026, 9:57 AM UTC · How we work

Center

Trump predicts oil

U.S. President Donald Trump told reporters in Washington on September 9, 2026 that oil prices will not fall until after the November 5 midterm elections.
The Iran conflict, Trump said, would end immediately after the midterms, prompting a sharp oil-price drop.
Brent crude rose over 3% on September 9, 2026, topping $100 per barrel.
The 10-year Treasury yield reached 4.95% as the 30-year mortgage rate rose to 7.07%.

Left

Trump ties oil

U.S. President Donald Trump told reporters in Washington on September 9, 2026 that oil prices won’t fall until after the November 5 midterm elections.
The comment links expectations to his electoral timetable, raising concerns that energy costs are being politicized.
Former top CIA official warned Russia will exploit the November elections to undermine U.S. interests.
Justice Department seized nearly 1,000 X accounts from a Russian AI bot farm spreading disinformation.

History

Historical Context

In October 1973 OAPEC, led by Saudi King Faisal, announced a 5 % production cut and an embargo against nations supporting Israel, prompting President Richard Nixon to invoke the Emergency Petroleum Allocation Act and release Strategic Petroleum Reserve oil. The embargo lifted prices from $3.01 to $5.12 per barrel (?70 % rise), a precedent for politicians—today’s Trump remarks on 2026 midterms—to use energy policy for electoral impact.

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Trump predicts oil

U.S. President Donald Trump told reporters in Washington on September 9, 2026 that oil prices will not fall until after the November 5 midterm elections.
The Iran conflict, Trump said, would end immediately after the midterms, prompting a sharp oil-price drop.
Brent crude rose over 3% on September 9, 2026, topping $100 per barrel.
The 10-year Treasury yield reached 4.95% as the 30-year mortgage rate rose to 7.07%.

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