New York Post
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President Trump Promises Gas Prices Will Dip as Oil Prices Surge to Wartime High
Posted
May 2, 2026
Views
18,374
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May 2, 2026
18,374
212
362
3.12%
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3:21Now PlayingOil 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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