Donald Trump
2:41 - 3:05
"Well, oil prices are going to come down very soon. When the war ends with Iran, they won't have a nuclear weapon. Most importantly, frankly, they won't have— and oil prices are going to drop like a rock. There's a lot of oil out there, and it's sitting in little areas that are sitting in boats waiting to be unloaded. We have a lot of oil, and we have a lot of oil in the world."
“Well, oil prices are going to come down very soon. When the war ends with Iran, they won't have a nuclear weapon. Most importantly, frankly, they won't have— and oil prices are going to drop like a rock. There's a lot of oil out there, and it's sitting in little areas that are sitting in boats waiting to be unloaded. We have a lot of oil, and we have a lot of oil in the world.”
- Speaker
- Donald Trump
- Timestamp
- 2:41 – 3:05
- Transcript
- White House: President Trump Gaggles with Press Upon Departure from the White House, Oct. 16, 2026
- Community
- Alaska News
- Captured at
- October 16, 2026
From the transcript
Well, oil prices are going to come down very soon. When the war ends with Iran, they won't have a nuclear weapon. Most importantly, frankly, they won't have— and oil prices are going to drop like a rock. There's a lot of oil out there, and it's sitting in little areas that are sitting in boats waiting to be unloaded. We have a lot of oil, and we have a lot of oil in the world.
Related Coverage
Trump says oil will "drop like a rock" after the Iran war, citing Alaska oil
President Trump said Friday oil prices will "drop like a rock" after the Iran war, citing Alaska oil. Each $1 drop costs Alaska's budget about $35 million.
by Bill AlaskaNews4h ago2 min read