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Donald Trump: “Oil is dropping like it has never dropped before at levels…”

Featuring: Donald Trump, Republican | President of the United States | National

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President Trump holds a press conference at G7 summit — 6/17/2026

Published | Video Starts at 01:59

… was making some very positive statements, the stock market has surged to record highs, picking up thousands of points over the last short period of time. Thousands of points. And Oil is dropping like it has never dropped before at levels that went in numbers. Down $7, down $8. They've never seen anything like that. But if we didn't do this deal, we could have dropped more bombs for another three weeks. Two weeks, four weeks, two years. (01:59–02:13)

CLAIM

Asserts that oil prices have dropped significantly, by $7 to $8.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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