US EditionTrump: US benefits from high oil prices, but priority is stopping Iran
Trump emphasized stopping Iran's nuclear program as a priority despite rising oil prices benefiting the US, with global oil exceeding $100 per barrel amid Middle East tensions.
- On Thursday, President Donald Trump claimed on Truth Social that the United States, as the world's largest oil producer, benefits financially when oil prices rise, dismissing growing public concerns about climbing gas costs.
- The U.S.-Israel war with Iran has effectively shuttered the Strait of Hormuz, halting most tanker transit and causing benchmark crude to surge above $100 a barrel for the first time since August 2022.
- Thirty-Two International Energy Agency member nations agreed to release 400 million barrels of oil from emergency reserves, while the U.S. authorized 172 million barrels from its Strategic Petroleum Reserve beginning next week.
- Senator Mark Kelly criticized the administration, writing that "the only ones benefiting from gas prices skyrocketing are the big oil companies," as higher costs threaten to worsen inflation and household affordability.
- Analysts warn volatility will persist without a clear de-escalation timeline, as Trump's team has struggled to provide a definitive strategy for securing tanker transit through the effectively closed waterway.
123 Articles
123 Articles
Trump Screws US Consumers: ‘When Oil Prices Go Up, We Make A Lot Of Money’
With rising gas prices upsetting most Americans because of Trump's unnecessary war with Iran, the president took to his Truth Social platform and crapped on the public at large. Instead of alleviating anxieties and fears for the country he is supposed to serve and protect, Trump mocked their fears by bragging, “The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money.” Who is paying for…
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Donald Trump Boasts Iran War Success As Prices For Oil Hit $100 A Barrel
Getty Images / Iran / Oil / Donald Trump If you just asked Donald Trump or looked at The White House’s social media account, the war in Iran is going absolutely well, but if Trump and his supporters stepped outside of the MAGA bubble, they would see it’s actually not. Iran continues to give Donald Trump the middle finger, electing an even more defiant leader in Mojtaba Khamenei, the son of the now-dead Ayatollah Khamenei, who is picking up where…
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