President Donald Trump has predicted a dramatic drop in US gasoline and oil prices once the war with Iran ends, saying fuel could eventually fall below $2 per gallon.
Trump made the claim as crude prices climbed sharply amid growing concerns over the conflict and disruptions around the Strait of Hormuz, one of the world’s most important energy shipping routes.
In a Truth Social post, Trump said oil prices would fall “precipitously” after the war and markets begin returning to normal.
He predicted gasoline prices could first fall to around $3 per gallon before eventually dropping below $2.
“Three Dollars a gallon, but ultimately, below Two Dollars a gallon,” Trump wrote.
The president tied the current increase in energy costs to the conflict with Iran and argued that prices could decline quickly after what he described as a US victory.
Trump also reiterated his position that Iran must not be allowed to obtain a nuclear weapon.
“It will all happen quickly, and Iran will never have a Nuclear Weapon. MAGA!” he wrote.
Oil Prices Rise as Middle East Conflict Intensifies
Trump’s prediction comes at a time when crude markets are facing significant uncertainty.
Brent crude recently moved above $97 a barrel, reaching a six-week high as traders assessed the potential impact of the Iran war on global energy supplies.
West Texas Intermediate crude also climbed, reflecting concerns that continued fighting could interfere with oil production, shipping and exports.
The Strait of Hormuz has become particularly important to the market outlook because of its role in transporting large volumes of oil and other energy products.
Any prolonged disruption in the waterway could place additional upward pressure on crude prices and increase fuel costs in countries that depend on imported energy.
Strait of Hormuz Remains at the Center of Energy Concerns
The military confrontation between the United States and Iran has increasingly focused attention on shipping activity around the Strait of Hormuz.
The strategic waterway connects the Persian Gulf with the Gulf of Oman and is a crucial route for international energy trade.
Reports of attacks involving oil tankers have further raised concerns about the safety of commercial shipping.
The United States and Iran have traded accusations and military strikes during the conflict, while tensions involving vessels operating in the region have added another layer of uncertainty for energy markets.
For oil traders, the key question is whether disruptions will remain temporary or develop into a longer-term supply problem.
Iran Warns Against Attacks on Energy Infrastructure
Iranian Parliament Speaker Mohammad Bagher Ghalibaf has warned Washington against targeting Iran’s oil and gas infrastructure.
Ghalibaf argued that Iran’s energy network is extensive but also vulnerable, warning that US interests and energy companies operating across the region could face retaliation if Iranian assets are attacked.
His comments came amid increasingly sharp rhetoric between Tehran and Washington.
Ghalibaf also responded to claims from US officials about Iran’s oil tanker fleet and military capabilities.
The Iranian official warned that attacks on Iranian assets could lead to further strikes against American interests in the region.
US Claims Pressure on Iran’s Military and Oil Fleet
US Secretary of War Pete Hegseth has continued to make claims about the impact of American military operations on Iran’s armed forces.
According to the material surrounding the dispute, Hegseth has argued that Iran’s tanker fleet is vulnerable and that US operations have damaged significant elements of the Iranian navy and air force.
Iran has rejected the broader US position and has continued warning Washington about the consequences of attacking its energy infrastructure.
The competing statements illustrate how the conflict is increasingly tied to the global energy market.
What Could Happen to Gas Prices After the War?
Trump’s prediction of gasoline below $2 per gallon would represent a major decline from the elevated prices being seen during the conflict.
However, several factors would influence whether such a drop actually occurs.
Oil prices depend on global supply and demand, production levels, refinery capacity, transportation costs and geopolitical risks.
A reduction in tensions around the Strait of Hormuz could remove a major risk premium from crude prices, potentially putting downward pressure on gasoline costs.
But the speed and scale of any decline would depend on how quickly oil production and international shipping return to normal.
Iran War Creates Uncertainty for Global Energy Markets
The conflict has placed renewed focus on the vulnerability of global energy supplies to geopolitical disruptions.
Higher crude prices can affect gasoline costs for American drivers while also increasing transportation and production expenses across the economy.
For oil-importing countries, a prolonged period of elevated crude prices could add to inflationary pressures.
Trump, meanwhile, is signaling confidence that the energy shock will reverse rapidly once the war ends.
His forecast that gasoline could eventually fall below $2 per gallon is now being closely watched as the conflict continues and markets assess the potential path for crude prices.
