US EditionTrump Has a Warning About Oil Prices, but Who Is He Talking To?
- On June 23, 2025, President Donald Trump expressed concerns about rising oil prices amid the escalating Iran-Israel conflict, highlighting its effects on global and Indian markets.
- The warning followed U.S. strikes on Iranian nuclear sites and subsequent Iranian missile attacks that heightened tensions and caused oil price volatility worldwide.
- This conflict has led to oil price jumps causing pressure on India's rupee, stock markets, and inflation indicators, with experts urging timely economic measures by Indian authorities.
- Crude oil prices fell about 7% on Monday, while the U.S. national gas average rose slightly to $3.22 per gallon, reflecting complex market reactions to geopolitical risks.
- The situation suggests persistent instability risks, with energy markets and supply routes like the Strait of Hormuz being potential flashpoints for sustained economic disruption.
14 Articles
14 Articles
Will the Israel-Iran war raise gas prices? Here's what Louisiana, US is seeing so far.
President Donald Trump's decision to enter the war between Iran and Israel has the world on edge for the possibility of an escalating conflict. One area of rising concern in Louisiana and across the U.S. is what the missile attacks…
The American strikes in Iran and the threat of the closure of the Strait of Ormuz, where 20% of the world's oil is transiting, have raised fears of an increase in the prices of the barrel and thus of prices at the pump. For now, the experts in the sector want to be reassuring.
Fuel prices rise as Israel, Iran war escalates
MANILA, Philippines — Oil companies will impose steep fuel price hikes this week as the war between Israel and Iran pushed up the costs of importing oil. However, the price increases would be imposed on a staggered basis.
How the Iran-Israel war could cause a global economic storm
Ever since Israel’s war on Iran began, tit-for-tat strikes on economic hubs, critical infrastructure, military bases, and nuclear power sites have become the ‘new normal’. But with Sunday’s US airstrikes on three Iranian nuclear enrichment facilities - Natanz, Isfahan, and Fordow - the crisis has become even more unpredictable. The use of Washington’s bunker-busting 30,000-pound bombs to target Iran’s deep and heavily fortified Fordow nuclear en…
According to analysts, the surge in oil prices could further hamper the growth of the euro area.
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