Balgarianovinite.com
President Donald Trump was non-committal on what could happen to the price of oil ahead of November’s midterm elections — even floating the prospect that they could go “a little bit higher.”
In an interview on Sunday Morning Futures, Fox News anchor Maria Bartiromo quizzed Trump on whether his newly-announced naval blockade on ships going in and out of the Strait of Hormuz.
“Is this all going to be enough, the blockade in the strait, the opening up capacity in the United States, is this going to enough to lower the price of oil and gas, sir?” Bartiromo said.
The president responded that oil prices will go down “eventually,” but his short-term forecast was less rosy.
“Well, it’s eventually going to be lower,” Trump replied. “No, it might not happen initially, but it’s gonna go down when this is all over.”
The president went to claim, “the gas hasn’t gone up as much as I thought.”
“But regardless, even if it did… we have to stop this group of people from having [a nuclear weapon],” Trump said. He added, “You can’t let them have a nuclear weapon. So I just have the greatest economy ever, everything’s going along and … I tell my economic advisors, ‘I’m sorry, fellas, we’re in great shape. We have go and take a little journey down to Iran, and we have to stop them from having a nuclear weapon.’ They all said, ‘we agree.’”
Bartiromo tried to press Trump on a timeline for when prices might come down.
“So do you believe the price of oil and gas will be lower before the midterm elections?” Bartiromo asked.
But Trump seemed far from optimistic a price reduction would happen in time for the fall.
“I hope so,” Trump said. “I mean, I think so. It could be. It could be. Or the same. Or maybe a little bit higher. But it should be around the same. I think this won’t be that much longer.”
Oil traded as high as $115 per barrel last week prior to the announcement of a two-week ceasefire. It ended the week just over $89 per barrel, but seems highly likely to spike on Monday following the announcement of the blockade.
Consumers have been seeing those higher prices reflected at the pump. GasBuddy, a website which tracks gas prices, currently has the national average at $4.10 per gallon, up from just over $2.90 in early March.
Watch above, via Fox News.
The post Trump Tells Fox’s Bartiromo Oil Prices Could Be ‘A Little Bit Higher’ Before Midterms first appeared on Mediaite.
Trump Tells Fox’s Bartiromo Oil Prices Could Be ‘A Little Bit Higher’ Before Midterms 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-04-12 16:01:40 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
