US EditionTrump: US benefits from high oil prices, but priority is stopping Iran
Trump highlights U.S. gains as oil prices surpass $100 per barrel amid conflict with Iran, emphasizing nuclear threat prevention over economic impacts, per his statements.
- On Thursday, President Donald Trump praised rising oil prices in a Truth Social post, saying the United States makes a lot of money as the world’s largest oil producer.
- After several days of attacks, the Strait of Hormuz halted traffic after Iranian forces damaged three cargo ships, while Iraq closed its oil ports following strikes on two tankers that killed one crew member.
- As of Thursday morning, Brent crude was trading around $100 per barrel and jumped over $102 amid the Iran conflict, but Trump said stopping Iran's nuclear ambitions matters more to him.
- Commentators offered split views, as a stock trader questioned if Trump 'wanted' oil prices to rise and Joe Knuckle suggested 'we' referred to Barron Trump's contracts, while Jacob disagreed, and Vox's Eric Levitz praised the messaging.
- Amid rising costs for consumers, Trump framed higher prices as a 'freedom tax,' while Big Oil spent $96 million on his 2024 campaign and gave $19 million to his inauguration fund.
72 Articles
72 Articles
Day 1878: “We make a lot of money.”
Today in one sentence: Trump dismissed rising oil prices caused by the Iran war, saying “when oil prices go up, we make a lot of money,” as Brent crude settled above $100 a barrel and the major U.S. indexes fell about 1.5% or more; the White House is considering a 30-day waiver of a 1920 statute requiring goods shipped between U.S. ports to move on American-flagged vessels as the Trump administration tries to contain fuel prices driven up by the…
While most Americans are concerned about rising oil prices, Trump celebrates it as it benefits the country
Trump Claims Rising Oil Prices “Benefit” US as Americans Struggle With Higher Gas Costs
President Donald Trump is downplaying Americans’ concerns about rising oil and gas prices as a result of the U.S.-Israel war on Iran, claiming in a recent social media post that the price increases would somehow benefit the U.S. “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,” Trump claimed in a Truth Social post on… Source
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