Trumpi says oil prices will fall after the situation at Hormuz to “stabilised”

Periskopi

6 June 2026, 00:00(19 days ago)

US President Donald Trump has declared that oil prices are expected to drop once the situation in Hormuz's Strait normalises, easing concerns about global energy supplies.

Trump has been asked about the number of oil tanks his administration has managed to pass through the strait.

He has replied that it is a “too much”, without providing concrete figures, adding that resolving the “situation will not last much”.

“I would like not to show the number, but there are many,” said Trump, stressing that normalisation of the oil flow in this strategic region could bring a significant drop in prices, even “maybe even lower than previous levels”.

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Trumpi says oil prices will fall after the situation at Hormuz to “stabilised”

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