Trump’s Iran Deal Slashes Oil Prices Ahead of 2026 Midterms

Washington, Saturday, 20 June 2026.
House Republicans credit Trump’s Iran nuclear deal for a dramatic 30% drop in oil prices since April 2026, pushing costs below $4 per gallon. The agreement also dismantled Iran’s nuclear program—a first in U.S. history—and united Middle Eastern allies against Tehran. With a bipartisan housing bill set to lower costs further, the GOP frames itself as the party delivering economic relief and global stability, positioning these wins as key to November’s elections.