Donald Trump has claimed that oil prices will “drop like a rock” as soon as the war on Iran ends.
The US president suggested that the increase in fuel prices was a “small price to pay” after years of terror from the Iranian regime.
He told PBS News Hour: “The oil prices will drop like a rock as soon as it’s over.”
Asked about a time frame for this, Mr Trump added: “Well as soon as the war is over... I don’t believe it will be long.”
WTI crude futures plunged 5% intraday to $93.77/bbl, while Brent crude falls below $97/bbl, down 3.88% intraday.