House GOP Whip Emmer: Oil prices will drop after ‘short-term experience’ in Iran

“Yes, there are going to be some temporary effects on our domestic economy, but as soon as this is taken care of, those prices will tumble and people will recognize that this was a short-term cost to pay for a major long-term gain in terms of peace and security,” the Minnesota Republican said.

President Donald Trump also predicted the rise in oil prices would be temporary in a Truth Social post on Sunday.

“Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace. ONLY FOOLS WOULD THINK DIFFERENTLY!” Trump posted.

Increasing oil prices threaten to scramble Republicans’ messaging on affordability ahead of November’s midterm elections. The GOP is trying to hold on to narrow majorities in both the House and Senate, as Democrats look to hammer Trump and his allies on cost-of-living issues.

Emmer and House Republicans are in Doral, Florida, this week for their annual policy retreat, where they will sketch out a strategy for the remainder of this Congress and hone campaign messaging.