Donald Trump Predicts Oil Prices Below USD 2 After Iran War, Says Tehran Will Never Have Nuclear Weapon

US President Donald Trump said oil prices will fall sharply once the United States wins its war with Iran, predicting prices could reach USD 3 a gallon and eventually drop below USD 2. Trump also said the outcome would come quickly and vowed that Iran would not obtain a nuclear weapon. His remarks come as oil prices are rising amid renewed tensions in the Middle East.

Trump made the comments in a post on Truth Social, tying his forecast for lower fuel prices to the outcome of the conflict with Iran. At the same time, oil markets are moving in the opposite direction, with Brent crude climbing to USD 97.34 a barrel and US West Texas Intermediate reaching USD 92.63 as traders assess the risk of further supply disruptions. Donald Trump Warns US Could Strike Iran’s Deeply Buried ‘Pickaxe Mountain’ Nuclear Facility.

Donald Trump Predicts Oil Prices Below USD 2

Donald Trump Makes Oil Price Prediction

"Oil prices will drop precipitously, like everything else is dropping (but more!), when we WIN the war with Iran. Three Dollars a gallon, but ultimately, below Two Dollars a gallon," Trump wrote on Truth Social. "It will all happen quickly, and Iran will never have a Nuclear Weapon," he added. Trump did not specify when he expects the conflict to end or provide details supporting his projection for oil prices to fall below USD 2 a gallon.

The comments come as crude prices have been pushed higher by growing concerns over the impact of the US-Iran conflict on global energy supplies. Brent crude was trading at USD 97.34 a barrel on Tuesday, while WTI stood at USD 92.63. Brent had reached its highest level since July 24 in the previous session as markets priced in increased geopolitical risk. Iran War: JD Vance Warns of ‘Many Tools’ Against Tehran as Donald Trump Weighs Economic, Military Options.

Iran has warned that energy infrastructure across the Gulf, including US oil and gas interests, could be vulnerable to retaliation following recent military actions.

Strait Of Hormuz Adds To Supply Concerns

The Strait of Hormuz remains a major focus for energy markets because of its importance to global oil shipments. Heightened military tensions and restrictions affecting shipping through the region have increased concerns about possible disruptions to crude supplies.

Analysts have warned that a prolonged conflict could keep pressure on Persian Gulf oil supplies. Goldman Sachs has raised its year-end 2026 Brent and WTI price forecasts by USD 5 amid the latest escalation, while other market analysts expect elevated prices to persist if the geopolitical situation remains unresolved.

OPEC+ Keeps October Policy Unchanged

The latest market concerns come after OPEC+ agreed on September 6 to keep its current oil output policy unchanged for October. The decision leaves the producer group navigating a market already affected by disruptions to Middle Eastern oil exports.

The direction of oil prices will depend on the duration and intensity of the conflict, the security of shipping routes and the extent to which production and exports are affected. Trump's prediction of prices eventually falling below USD 2 a gallon therefore contrasts with the current market environment, where geopolitical risks are keeping crude prices elevated.

(The above story first appeared on LatestLY on Sep 08, 2026 07:14 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).