1 hr ago
Trump Promises Lower Prices as Iran Tensions Drive Oil Higher
Donald Trump spoke at a Republican convention in Dallas, Texas.
He blamed earlier presidents for waste and what he called green-energy scams.
Trump said those policies helped cause an affordability crisis.
He promised that prices for food, oil and other goods would fall.
However, the article said oil had recently risen to $100 a barrel.
This happened as tensions grew between the United States and Iran.
The article also reported attacks involving tankers and oil facilities in the region.
Trump called Iran bullies and said oil prices would drop if the United States won the conflict.
Donald Trump blamed previous presidents for waste, green-energy programs and the affordability crisis.
At a Republican midterm convention in Dallas, Trump promised that prices would fall significantly.
Trump said food, oil and other prices were declining, despite oil reaching $100 a barrel earlier that week.
He described Iran as the Middle East’s “bullies” and said oil prices would fall after the United States wins the war with Iran.
The article reported attacks involving the United States, Iran, Yemen’s Houthis and Saudi oil facilities amid rising Gulf tensions.
- Who
- U.S. President Donald Trump, Iran, the United States, Yemen’s Houthis and Saudi Arabia.
- What
- Trump made economic promises and criticized predecessors while discussing escalating tensions and attacks involving Iran.
- Where
- The Republican midterm convention in Dallas, Texas, and the Gulf region, including the Strait of Hormuz.
- When
- Thursday, September 9; oil prices had reached $100 a barrel earlier on Wednesday.
- Why
- Trump said predecessors caused the affordability crisis and argued that defeating Iran would help lower oil prices.
Trump’s Claims
Reported Developments
Cause of the affordability crisis
Trump’s Claims
Trump blamed previous presidents for trillions of dollars in waste and what he called green-energy scams.
Reported Developments
The article reported Trump’s claim but also noted that affordability remained a political issue he was addressing.
Direction of prices
Trump’s Claims
Trump said food, oil and nearly every other item were rapidly becoming cheaper and promised prices would go much lower.
Reported Developments
The article said oil prices had climbed to $100 a barrel amid escalating tensions in the Gulf region.
Iran and oil prices
Trump’s Claims
Trump said oil prices would fall when the United States won the war with Iran.
Reported Developments
The article described an intensifying conflict and reported attacks involving tankers and oil facilities, developments associated with higher oil prices.
Key facts
- Speaker
- U.S. President Donald Trump
- Event
- Republican midterm convention
- Location
- Dallas, Texas
- Oil price
- Oil reached $100 a barrel earlier on Wednesday
- Economic promise
- Trump said food, oil and other prices would fall
- Iran description
- Trump called Tehran the “bullies” of the Middle East
- Regional tensions
- The article reported attacks on tankers and oil facilities involving the United States, Iran, Yemen’s Houthis and Saudi Arabia
Quotes
Donald Trump
US president speaking at the Republican midterm convention in Dallas
“I'm bringing the prices way down, way, way down”
wionews.com
Sources
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