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Trump: Oil prices will plummet after war ends ‘very soon’
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- Published
- Sep 27, 2026, 10:00 PM UTC
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Viscous water-insoluble liquid
Oil is a liquid with varying degrees of viscosity depending on temperature. Oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic and lipophilic. Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature.
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Over the weekend, President Donald Trump said he had rejected a proposal from Iran to reopen the Strait of Hormuz.
President Trump says oil prices will fall sharply when the war ends while touting U.S. employment, income and poverty figures.
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