Trump Says Oil Prices Starting to Go Down as Hormuz Strait Gradually Reopens

NAMPA / Sputnik
2026-06-16
WASHINGTON, June 16 (RIA Novosti) - US President Donald Trump said on Tuesday that oil prices would be lower once the ships start passing through the Strait of Hormuz. "The ships are starting to move nicely. Oil is starting to go, and the prices are coming down rapidly," Trump told reporters​​​. Progress is being made with Iran, he added, stressing the most important part is that Tehran will not have a nuclear weapon....
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