Phyrex|9月 09, 2026 19:43
Just saw Trump's interview, and there are two key points:
First: Trump believes oil prices will only drop after the midterm elections.
Second: Trump thinks there’s still a chance for peace talks, but that’ll also have to wait until after the midterm elections.
My personal take:
There are still nearly two months until the midterm elections. If the trend of rising oil prices continues, WTI could hit $110. If it really reaches that price, the Republican Party will most likely lose both chambers of Congress.
Also, I feel this statement exposes Trump’s complete inability to handle Iran. At this point, saying something like this not only fails to boost morale but will make the market even more worried.
If it really has to wait until after the midterm elections to be resolved, the Fed will most likely have to raise interest rates.
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