The price of oil and inflation rates will come down "very rapidly" once the ongoing conflict in the Middle East is settled, US President Donald Trump claimed on Monday.
On Sunday, The Wall Street Journal reported that ExxonMobil CEO Darren Woods, Chevron CEO Mike Wirth and ConocoPhillips CEO Ryan Lance told White House officials that the halt of shipping through the Strait of Hormuz could further push up global oil prices and continue to create instability in global energy markets.
"I can tell you that when this is over, oil prices are going to go to go down very, very rapidly. So is inflation so is everything else," Trump claimed ahead of a meeting with members of the Trump Kennedy Center Board.