Energy · 2026-10-09
Oil prices were already tumbling during the Iran war
False
Trump said oil was already coming way down during the Iran war.
What the evidence shows
West Texas Intermediate crude was $98.73 per barrel on October 9, up from $66.96 before the war; it reached $105.25 by October 26.
What happened next
Assessment reflects reporting available October 27–28, 2026.
Assessment notes
Paraphrase, not a verbatim quotation. Consult the linked source for exact words, venue and supporting references.