Are prices really dropping, as Trump claims?
Key takeaways
- Donald Trump boasts on social media that since the signing of a US-Iran Mo U for a peace deal, oil is flowing and prices are dropping.
- In a post on his social media platform Truth Social, the president claimed that “OIL IS FLOWING” and added that “THE STOCK MARKETS ARE ROARING, JOBS ARE AT RECORDS, AND PRICES ARE DROPPING (AFFORDABILITY!)”
- While some of his claims are accurate, others are misleading.
Why this matters: an international story with cross-border implications worth tracking.
Donald Trump boasts on social media that since the signing of a US-Iran Mo U for a peace deal, oil is flowing and prices are dropping.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo On Thursday, June 18, there were six verified crossings of the Strait of Hormuz [File: Stringer/Reuters]By Andy Hirschfeld and Reuters Published On 18 Jun 202618 Jun 2026United States President Donald Trump has taken to social media to boast about the state of the economy amid a looming peace deal between the US and Iran, which yesterday signed a memorandum of understanding (MoU) to end the US-Israel war on Iran.
In a post on his social media platform Truth Social, the president claimed that “OIL IS FLOWING” and added that “THE STOCK MARKETS ARE ROARING, JOBS ARE AT RECORDS, AND PRICES ARE DROPPING (AFFORDABILITY!)”