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2026-09-21 14:08:11
[Trump Promises Oil Prices Will Fall After Midterm Elections, Chevron CEO Says He Sees No Likely Rapid Decline] (1) With the US midterm elections approaching, persistently high fuel prices in the US are dragging down Republican approval ratings and becoming one of the Trump administration's biggest concerns. (2) Trump recently made a high-profile claim that US oil prices will fall after the midterm elections. (3) However, Chevron Chairman and CEO Mike Worth publicly contradicted this at an energy conference, saying he sees no possibility of a rapid drop in oil prices. (4) Worth stated that the various adjustment measures used to buffer the impact on oil supply in the early stages of the Iran conflict have now been largely exhausted, which means that oil prices are more likely to rise than fall in the coming months.
