Sep 10, 2026, 12:04 AM6 views

Trump says oil and gas prices won't fall until 'right after' midterm election

President Donald Trump said energy prices that have been elevated due to the Iran war will not come down until after the midterm elections.

U.S. President Donald Trump speaks to the media before boarding Air Force One for a trip to the Republican National Midterm Convention, at Joint Base Andrews, Maryland, U.S. September 9, 2026.

Evan Vucci | Reuters

President Donald Trump on Wednesday said energy prices that have been elevated due to the Iran war will not come down until after the midterm elections.

"Right after the election, oil prices are going to be tumbling downward," told reporters before heading to Texas for the Republican Party's midterm convention.

This is breaking news. Please refresh for updates.

CNBC Verified Source

Reported by Kevin Breuninger · Syndicated via official news feed

Read Full Story on CNBC

Explore all Business stories

Syndicated feed content with full publisher credit.

Business Desk

More in Business

Continue reading verified coverage and related developments on this desk.

View All

BUSINESS30M AGO

Apple's unveils its first folding iPhone

Apple showed off at an event the first major design change to the iPhone in almost 20 years.

BUSINESS48M AGO

Healthcare Technology Pulled Us Apart. Can AI Put Us Back Together?

Healthcare technology fragmented the patient experience. AI may help reconnect clinicians, medical information and patients while restoring the human side of care.

BUSINESS54M AGO

Bond selloff, stock boom: Why rebalancing is a good strategy right now

With stocks near all-time highs and bonds selling off, it's likely a good time for investors to consider rebalancing to their target risk, advisors said.

BUSINESS1H AGO

What a historic summer box office reveals about massive shifts in the theatrical industry

The domestic box office posted a record-breaking summer movie season which was bolstered by an extra week of ticket sales and higher priced premium screenings.

BUSINESS1H AGO

Nyt Connections Hint Today-Answer Thursday September 10-1187

Looking for today's NYT Connections hints? Some help and the answers for today's game are right here to help keep your streak alive.

BUSINESS1H AGO

US Sees Diesel Stocks Falling to 2003 Low Ahead of Peak Demand

US diesel stockpiles are projected to fall this month to their lowest level in over two decades, according to a new government report, as wars around the world, including one launched.