On Tuesday, US President Donald Trump suggested he might extend the waiver on sanctions against Russian oil to help mitigate rising crude oil prices. He expressed optimism that inflation would decline significantly once the conflict with Iran is resolved. Trump stated that the US economy is heading towards a 'Golden Age,' with inflation potentially dropping to 1.5% after the war. He noted that the US had previously eased sanctions on Russian oil and has also authorized temporary sanctions relief for oil from Iran and Venezuela. Trump emphasized that a surge in oil supply would lead to reduced inflation rates, contrasting the current situation with the higher inflation experienced during former President Joe Biden's tenure. He reiterated the US's stance against Iran acquiring nuclear weapons, claiming that Iran's military capabilities have been severely diminished.