Trump pledges to halve US energy prices in 12-18 months amid rising costs

President Trump announced an ambitious plan to cut energy prices by half within the next 12 to 18 months. This announcement comes amidst rising energy costs in the United States, with recent data showing a 14.7% increase in energy prices year-over-year. The statement also included a vow to end wars and a claim regarding the Strait of Hormuz as American territory, a strategic waterway currently under the territorial control of Iran and Oman. The implications of these declarations are being scrutinized by markets, particularly those related to crude oil and geopolitical tensions. Key Takeaways Trump’s announcement appears to suggest a potential decrease in crude oil demand, impacting markets that predict oil prices reaching new highs. The geopolitical assertion regarding the Strait of Hormuz could indicate increased tensions in the region, affecting oil supply routes. Current market pricing suggests limited confidence in crude oil reaching an all-time high by September 30, with odds at 3.2% for a YES outcome. What to Watch Observers should monitor any concrete policy actions from the Trump administration that could influence energy markets, such as regulatory changes or shifts in for...