Trump says oil prices haven’t been nearly as bad as he thought they would be

Speaking during a Cabinet meeting, President Trump said Thursday that he thought oil prices would be higher and the stock market would fall further than they have as a result of the war in Iran.

“Frankly, I thought the oil prices would go up more and I thought the stock market would go down more,” he said. “Hasn’t been nearly as severe as I thought. I think they have confidence in maybe the American president and maybe the people sitting around this table.”

Still, the president acknowledged that energy prices could still increase.

“It’s not over, so maybe it’ll go up a little bit more,” he said. “It’s all going to come back down to where it was and probably lower.”