Oil Prices Will Decline After Iran War, Trump Says

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Oil Prices Will Decline After Iran War, Trump Says

Dow Jones03-17

By Alexander Ward

President Trump said "oil prices are going to go down very, very rapidly" after the Iran war ends. "So will inflation," he told the Kennedy Center board Monday.

"Much more important than short-term, even long-term oil prices, you can't let the most violent, vicious country in the last 50 years have a nuclear weapon," Trump said of Iran.

Oil prices pulled back Monday as efforts to restore oil shipping through the Strait of Hormuz intensified. Futures for Brent crude, the international benchmark, retreated after briefly pushing past $105 a barrel earlier.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 16, 2026 13:51 ET (17:51 GMT)

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