[Trump: Inflation Stems from Biden, Prices Are Significantly Declining Except for Oil; Oil Prices Will Plummet After Iran Conflict Ends] Trump stated that he hopes everyone recognizes that the rise in prices across the U.S. was caused by Biden and his administration, not 'Trump.' He noted that oil prices during Biden's tenure were higher than current levels and that he had previously prevented Iran from obtaining nuclear weapons. Apart from the temporary exception of oil prices, prices are significantly falling; once the military conflict with Iran ends, oil prices will plummet, and that day is not far off.