Are prices really dropping in the US, as Trump claims?
Donald Trump boasts on social media that since signing of MoU for peace deal, oil is flowing and prices are dropping.

Donald Trump boasts on social media that since signing of MoU for peace deal, oil is flowing and prices are dropping.




![In this photo released by the Pakistan Prime Minister Office, Prime Minister Shehbaz Sharif in Islamabad, Pakistan, signs as mediator on a paper which the office said was a copy of the initial deal reached by the United States and Iran to end their war on Thursday, June 18, 2026. [Pakistan Prime Minister Office/AP]](https://aljazeeranews-3fuh52rgrl.edgeone.app/wp-content/uploads/2026/06/image-1781806515.jpg?resize=770%2C513&quality=80)





A US-Iran agreement aimed at ending hostilities and reopening the Strait of Hormuz is set to be signed Friday.
In its projections, the US Fed anticipated that rates will rise a quarter of a percentage point by end of 2026.

US President Donald Trump claimed that the scheduled signing of his Iran “peace deal” in Geneva on Friday would be succe

President Donald Trump praised Indian Prime Minister Narendra Modi as a “killer” and an “angel” at the G7 in France.
Rene Mouawad Airport to serve Istanbul, Dubai, and Mersin as part of plans to revitalise northern Lebanon’s economy.
Shipping operators and insurers prefer to wait and watch from a distance for now.
Brent crude drops to lowest price since early March, before signing of framework deal to end US-Israel war on Iran.
US Department of Justice claims NAACP lawsuit threatens ‘national, economic, and energy security’.
CEO Vlad Tenev said while the firm is in a strong financial position, it has been a ‘heavily-layered organization’.
Bank of Japan hikes benchmark rate to 1 percent, continuing shift away from decades of ultra-low borrowing costs.