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CNBC Top News · September 9, 2026 source

“Trump says oil and gas prices won’t fall until ‘right after’ midterm election”

R4/ 10
Selective
Rubbish Rating — 1 = base fact, 10 = pure rubbish
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In short
Rubbish Talk rates CNBC's headline that Trump says oil and gas prices "won't fall until 'right after' midterm election" a 4/10 because it quotes him accurately but drops the hedge he added in the same breath, that the drop could "take a little bit longer than the midterm."
The Verdict
Selective. The quoted words are real and correctly attributed, but CNBC's framing presents a confident timeline that Trump himself immediately walked back, and the story omits his track record of badly missing this exact call before.

What actually happened

Trump told reporters before departing for the GOP midterm convention that energy prices, elevated by the ongoing Iran war, would not fall until after the midterms, and separately predicted the war itself would end "immediately after the election." The comments came as Brent crude traded above $101 a barrel for the first time since July and gasoline prices rose overnight.

Key facts

  • The core quote as reported by CNBC: "Right after the election, oil prices are going to be tumbling downward," Trump told reporters before heading to Texas for the Republican Party's midterm convention.
  • A separate wire report of the same exchange captured Trump immediately hedging that call: "I think it's going to take a little bit longer than the midterm," a line absent from CNBC's account.
  • Oil move cited by CNBC: Global benchmark Brent crude futures traded above $101 per barrel for the first time since July, while U.S. West Texas Intermediate futures surpassed $96 per barrel at session highs.
  • A wire report on the same day put WTI's move at a 2.4% gain to $95.25 a barrel, with the AAA national gasoline average up 7 cents overnight to $4.22 a gallon, more than a dollar above the year-ago price.
  • The war's duration undercuts the forecast's credibility: the war against Iran, now in its seventh month with no obvious resolution in sight, despite Trump originally predicting it would last only weeks.

What to watch for

Watch whether oil and gasoline prices actually fall in the weeks immediately following the midterms, the specific test Trump himself set. Also watch whether outlets flag that his "immediately after the election" war-resolution claim rests on the same unverified prediction pattern that has already missed once (weeks versus seven months and counting).

About this scoreThe R-Score is Rubbish Talk's editorial opinion on how far a headline's framing sits from what the underlying facts support. It is a judgement about presentation and emphasis, not an allegation that any outlet has acted dishonestly. Every figure we rely on is linked under Receipts so you can check it yourself.
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