Trump predicts oil prices will stay high until after midterm elections amid Iran conflict
Trump told reporters that the recent surge in oil prices, driven by escalating tensions with Iran, will probably persist through the upcoming midterm elections and only begin to decline afterward. He added that Iran is likely to relent after the U.S. votes. The comment came as Republicans launched a two-day midterm convention in Dallas, a rally that many party members are skipping despite hopes it will boost turnout. Other news items included a wrongful-death lawsuit over an Amazon cargo jet crash in Miami, a federal appeals court hearing on tighter prescribing rules for a common abortion medication, and the looming expiration of Temporary Protected Status for Salvadoran immigrants.
President Donald Trump warned that the recent jump in oil prices, caused by the intensifying conflict with Iran, will probably not ease until after the November midterm elections, and he expects the Iranian side to back down once the U.S. votes are counted. He made the remarks before traveling to Dallas for the Republican Party's unusual two-day midterm convention, which many candidates are missing despite hopes that his presence will energize the base.
In other headlines, families of five cleaning-crew members killed when an Amazon cargo jet struck their van at Miami airport have filed a wrongful-death suit against Amazon, 21 Air and the pilots. A panel of judges in New Orleans considered whether to tighten prescribing rules for a drug used in medication abortions, part of a broader effort to limit abortion access. Meanwhile, the Temporary Protected Status for roughly 200,000 Salvadoran immigrants is set to expire, leaving their legal status uncertain. Additional items covered include Missouri’s confusing redistricting battle, Apple’s unveiling of a foldable iPhone model called Duo, a 9/11 firefighter’s survival story, the upcoming Emmy awards, and the Seattle Seahawks opening the NFL season against the New England Patriots.
How this story developed
- Aug 23 Iran readies major fuel price hike amid US sanctions and war pressures
- Sep 4 The United Arab Emirates announced a full stop to commercial and financial dealings with Iran.
- Sep 4 Iran announced the deployment of additional naval mines in the Strait of Hormuz.
- Sep 4 South Korean presidential office says the decision on a troop deployment to the Strait of Hormuz remains pending.
- Sep 4 Trump convened a meeting with refiners at the White House to discuss pump prices.
- Sep 6 AAA linked the price surge to elevated crude oil prices from the Iran war and instability in the Strait of Hormuz.
- Sep 6 Iran appealed to China, India and Russia for support at the SCO summit while Trump warned of further bombings.
- Sep 7 GasBuddy released a forecast predicting a $4.03 average gasoline price for the Labor Day weekend.
- Sep 7 Baltha creditors convened a meeting to discuss the company’s debt situation.
- Sep 7 U.S. Energy Secretary Chris Wright publicly called on allies to share the burden of escorting tankers through the Strait of Hormuz.
- Sep 7 Pentagon advisers warned that U.S. munitions stocks are low, making a large‑scale strike against Iran unsustainable.
- Sep 7 South Korea announced it is consulting allies while maintaining diplomatic contact with Iran regarding Hormuz security.
- Sep 7 Diesel price rose to $5.85 per gallon, a new national high.
- Sep 7 Brent crude climbed to about $97 a barrel as US‑Iran clashes intensified, and analysts said gasoline prices may ease in October with the shift to winter‑grade fuel.
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