Donald Trump stated on September 27, 2026, that oil prices will drop significantly once global demand decreases and the war in Iran concludes. Speaking in Washington before departing for Illinois, Trump asserted that crude prices are currently lower than they were under the Biden administration and pointed to recent extraction figures from the Strait of Hormuz.
Oil Extraction and Market Outlook
According to Trump’s remarks reported by ANSA, the administration extracted record quantities of oil from the Strait of Hormuz just prior to his departure, exceeding pre-war output levels. “Non appena la guerra in Iran finirà, il prezzo del petrolio crollerà,” Trump stated, adding that food prices and other consumer goods have also seen marked decreases.
Trump contrasted current energy metrics with those of the previous administration.
Economic Indicators on Employment and Poverty
Alongside energy markets, Trump highlighted domestic economic data regarding labor and individual earnings. Citing national metrics, he claimed the United States has reached historic employment highs alongside record lows in poverty rates.
“Abbiamo registrato i migliori dati sull’occupazione nella storia del nostro Paese: oggi lavorano più persone che in qualsiasi altro momento passato,” Trump noted. He attributed the reduction in poverty directly to rising individual income levels, asserting that Americans are currently earning more than at any prior point in national history.
President’s Cup Golf Tournament in Illinois
Following his remarks in Washington, Trump traveled to Illinois to participate in the President’s Cup. The international golf tournament is hosted from September 24 to 27, 2026, at the Medinah Country Club in DuPage County, just outside Chicago.
The event matches a 24-player field divided into two teams representing the United States and the rest of the world, excluding Europe. Organizers project an attendance of roughly 30,000 spectators across the three-day competition. According to regional estimates cited by ANSA, the tournament is expected to generate an economic impact of approximately $175 million for the Chicago metropolitan area. Trump serves as the honorary chairman of the event after accepting the role on Truth at the request of the PGA Tour.
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