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Reading: Trump says Iran is pushing oil prices before midterms
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MacroHerald > Latest News > Geopolitics > Trump says Iran is pushing oil prices before midterms
Geopolitics

Trump says Iran is pushing oil prices before midterms

Enver Adıgüzel
Last updated: 22 October 2026 17:45
Enver Adıgüzel - Editor and Publisher
4 minutes ago
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US President Donald Trump has accused Iran’s government of trying to raise oil prices ahead of the US midterm elections. In a statement posted on his social media account, he said reports of attacks and sea mines did not reflect reality. Trump claimed Iran was making fake attack and mining claims.

Contents
  • Claims about protesters and nuclear weapons
  • What the statement does not establish

Trump also said the amount of oil passing through the Strait of Hormuz had exceeded the level before the conflicts began.

Claims about protesters and nuclear weapons

Trump described the Iranian government as a very bad regime. He said it continues to kill protesters and those opposing it. He claimed 75,000 protesters have died in Iran in less than the last seven months.

Trump said Iran must never be allowed to have nuclear weapons. He also said the international community and the Democratic Party had not reacted sufficiently to the situation in Iran.

What the statement does not establish

The statement does not give a date. It does not specify which reports of attacks or sea mines Trump was disputing. Its figures on protesters and on Strait of Hormuz traffic are Trump’s own assertions.

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TAGGED:donald trumpiranmidterm electionsoil pricesstrait of hormuz

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ByEnver Adıgüzel
Editor and Publisher
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Enver Adıgüzel is the editor and publisher of MacroHerald. He holds a degree in Economics from the Faculty of Economics and Administrative Sciences at Kırıkkale University and an MBA. He writes on central bank policy, currencies, government bond markets and the economic data that move them.
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