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President Trump Promises Gas Prices Will Dip as Oil Prices Surge to Wartime High

Posted

May 2, 2026

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Oil prices surged to their highest level since the beginning of the US-Iran war early Thursday before retreating on the strength of fresh reports that President Trump could soon resume attacking the Islamic Republic.

The price of a barrel of Brent crude, the international benchmark, topped $126 per barrel shortly after midnight ET, hours after Trump indicated that he preferred to keep in place a weeks-long blockade on Iranian ports in the Strait of Hormuz.

Trump promised that gas prices would "go down lower."

#donaldtrump #oilprices #trump #gasprices

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President Trump Promises Gas Prices Will Dip as Oil Prices Surge to Wartime High · New York Post · Sentinel