Trump Predicts Post-Midterm Oil Price Decrease, Iran Concession

Why it matters locally: North Dakota, a significant oil-producing state, could see direct economic effects from a decrease in oil prices as predicted by President Trump, impacting the state's energy sector and associated revenues.

President Donald Trump indicated on Tuesday he anticipates a reduction in oil prices after the November midterm elections. He also offered the view that Iran will ultimately 'relent' following the conclusion of the pivotal U.S. elections. Trump made these statements during a conversation with reporters. The exchange occurred before he departed for Dallas, where he attended the midterm Republican convention.