GOP bullish on political impact for Republicans of Trump MOU with Iran

Republicans are largely skeptical that President Trump’s deal with Iran will deliver a geopolitical win, but they are bullish about its impact on the midterms, with gas prices already dropping.

One national Republican operative described feeling “relief” after the agreement, pointing to positive reactions from markets. 

Oil prices have fallen to their lowest point since the war began at the end of February following the announcement of the memorandum of understanding between the U.S. and Iran this week. Brent Crude, the international oil benchmark, sat at $79.53 per barrel on Thursday, while West Texas Industrial, the U.S. benchmark, was at $76.55. 

Meanwhile, gas prices also hit their lowest point in recent months. According to AAA, the national average for gas prices was at $3.99 per gallon on Thursday. 

“Republicans are eager to find out more details, but I think it’s a really good sign as we head into campaign season, and Republicans are desperately looking for a positive message on this,” the national GOP operative said. 

Vice President Vance highlighted the drop in energy prices at the White House press briefing on Thursday, announcing that 12.5 million barrels of oil flowed through Strait of Hormuz on Wednesday evening. 

“The peace plan in Iran is already bearing real fruits for the American people,” the vice president told reporters. 

Trump touted the rising stock market and drop in oil prices in his first public appearance at the White House since returning from signing the memorandum in France.

“The stock market just hit a new all-time high, the 401(k)s just hit a new all-time high, and oil is dropping like a rock. Other than that, it’s another day in paradise,” Trump said. 

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