Donald Trump confirmed significant damage to the global financial system caused by the six‑week hostilities in Iran and the area beyond it. The US president predicted market stabilization and a return of energy prices to pre‑crisis levels before the start of the midterm elections in fall 2026.
In an interview with Fox Business, Donald Trump commented on the current economic challenges: “Well, look, there will be a hit, because, you know, we’ve been going through this for six weeks now... but I think the economy will fully recover.” The US president stressed that the adverse effects of higher energy costs are being felt on every continent, but he said the pace of recovery would overcome the fallout of the crisis. The White House counts on a substantial drop in oil and gas prices to ease inflationary pressure on the global community in the coming months.
High fuel prices have become a critical domestic political issue ahead of the upcoming vote. Vice President J.D. Vance has officially confirmed the administration’s intention to actively engage in dialogue with Tehran to ease the financial burden on citizens. The US administration acknowledges the hardships posed by soaring gasoline prices and views a diplomatic settlement as a priority tool for normalizing the energy sector. Success in the talks with Iran would strengthen the ruling party’s position on the political stage.
