Trump Claims Oil Prices, Inflation to Come Down 'Very Rapidly' Once Iran Conflict Settled

NAMPA / Sputnik

2026-03-16

WASHINGTON, March 16 (RIA Novosti) - The price of oil and inflation rates will come down "very rapidly" once the ongoing conflict in the Middle East is settled, US President Donald Trump claimed on Monday. On Sunday, The Wall Street Journal reported that ExxonMobil CEO Darren Woods, Chevron CEO Mike Wirth and ConocoPhillips CEO Ryan Lance told White House officials that the halt of shipping through the Strait of Hormuz could further push up globa......

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