Business · Energy & Commodities · 39 mins ago
Trump says oil prices will fall soon at Mississippi campaign rally
Donald Trump said oil prices would fall soon at a rally in Mississippi on Monday.
He was there to support Republican Senator Cindy Hyde-Smith, who is seeking re-election.
Trump said he had expected oil prices to rise much more because of the war in the Middle East, and claimed gas in Iowa was selling for $1.85 to $1.95 a gallon.
He also called a temporary ceasefire between the United States and Iran a waste of time.
Hyde-Smith faces a closer-than-expected race against Democrat Scott Colom, though Mississippi is still rated Republican-leaning.
Colom would need strong turnout to win, and it is not clear whether Trump's visit will help Hyde-Smith.
Donald Trump said oil prices would fall soon while campaigning at a rally in Corinth, Mississippi, on Monday.
He acknowledged that the war with Iran had pushed oil prices up and said he had expected them to rise much more.
Trump was campaigning for Republican Senator Cindy Hyde-Smith, who faces an unexpectedly competitive re-election race.
He also claimed gas prices in Iowa had fallen to $1.85 and $1.95 per gallon.
The US midterm elections are scheduled for November 3, with all 435 House seats and 35 Senate seats on the ballot.
- Who
- US President Donald Trump. He was campaigning for Republican Senator Cindy Hyde-Smith.
- What
- Trump said oil prices would fall soon and claimed gas prices in Iowa had already declined.
- When
- Monday, October 26, 2026.
- Where
- A campaign rally in Corinth, Mississippi.
- Why
- Trump was supporting Hyde-Smith’s re-election campaign ahead of the November 3 midterm elections.
This story does not have two clearly opposing sides.
Trump carried Mississippi by nearly 23 percentage points, according to Reuters.
Trump held a rally in Corinth, Mississippi, and campaigned for Cindy Hyde-Smith.
Senate Majority PAC announced a $1.2 million advertising campaign supporting Democratic candidate Scott Colom.
The US midterm elections are scheduled, with all 435 House seats and 35 Senate seats on the ballot.
- Rally location
- Corinth, Mississippi
- Oil-price prediction
- Trump said oil prices would fall soon
- Iowa gas prices
- Trump cited $1.85 and $1.95 per gallon
- Senate candidate Trump backed
- Cindy Hyde-Smith
- Senate challenger
- Scott Colom
- Election date
- November 3, 2026
2 sources
What people are saying
I thought the price of oil was going to go much, much higher
It's worked out fine and it'll be over soon
Two years ago, we were laughed at
This was not expected to be a race