Trump: "Oil prices will collapse at the end of the war in Iran", expected at the President's Cup

The price of oil "will fall as demand drops. As soon as the war in Iran ends, the price of oil will collapse. Food prices have also fallen significantly and almost all prices have fallen. And remember one thing: oil is cheaper now than it was under the Biden administration. Furthermore, we are extracting enormous amounts of oil. Last night we extracted a record amount of oil from the Strait of Hormuz, more than we had extracted before the war."

Donald Trump said this before leaving the White House, headed to Illinois to participate in the President's Cup, the golf tournament that will be played from 24 to 27 September 2026 at the Medinah Country Club, in DuPage county, just outside Chicago.

"We have recorded the best employment data in the history of our country: more people are working today than at any time in the past. We have the best data ever on poverty in the history of our country. In other words, today there is less poverty than at any other time, because we have the best levels of individual income in the history of our country: people are earning more than they ever have before", added the tycoon.

The President's Cup is one of the largest international sporting events to come to the Chicago suburbs: it will bring some of the best golfers in the world, tens of thousands of fans and an economic impact estimated at 175 million dollars for the area. Twenty-four golfers compete on two teams: the United States against the rest of the world, excluding Europe. Around 30,000 people are expected to attend the three-day tournament which ends today. The tycoon had announced on Truth that he had accepted, at the request of the PGA Tour, the role of honorary president of the tournament.