Trump says oil prices that spiked because of Iran war likely won't come down until after midterms

WASHINGTON (AP) — President Donald Trump said Wednesday that oil prices that have surged because of the Iran war likely won’t come down until after U.S. midterm elections. Oil prices on Wednesday jumped more than 3% , pushing international Brent crude past the $100 threshold for the first time since July as salvos between the U.S. and Iran escalated. “Right after the election, oil prices are going to be tumbling downward,” Trump said. “I think it’s going to take a little bit longer than the midterm.” The comments were a striking acknowledgment from Trump about the conflict as his Republican administration faces mounting pressure to address high gas prices as the war in Iran grinds on with no conclusion in sight. He added, “I think the war’s going to end immediately after the election because they can’t hold out any longer.” Trump also spoke at length about the war in Iran during his keynote address to the convention Wednesday evening. The conflict is now in its seventh month. AP writers Cathy Bussewitz and Jonathan J.

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