HeadlinesBriefing favicon HeadlinesBriefing.com

Trump's Peace Push Could Slash Oil Prices, Citi Warns

Investing.com •
×

U.S. President Donald Trump's efforts to broker peace deals, particularly with Iran and in Ukraine, could significantly dampen global oil prices, according to analysts at Citi. Negotiations with Iran over its nuclear program and potential agreements ending the Ukraine war are seen as key factors. Citi projects these deals could drive Brent crude down to $60-$62 per barrel by summer, easing pressure on consumers and potentially altering Federal Reserve policy. Diesel and gasoline premiums might also decline, offering relief at the pump. While expectations for immediate breakthroughs remain muted, the potential impact on energy affordability is a major domestic political issue for Trump ahead of the November mid-terms.