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.
119 Articles
119 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…
Trump says ‘we make a lot of money’ from rising oil prices amid Iran war | Honolulu Star-Advertiser
WASHINGTON >> President Donald Trump said on Thursday the United States stood to make significant money from oil prices driven higher by the war with Iran, prompting criticism from some lawmakers who accused him of caring only about rich people.
Trump Says US Profits From Rising Oil as Iran's Vengeance Turns War Into a Dangerous Fight
A war that began with swift strikes is now drifting into something slower and far more dangerous. As the United States continues to pound Iranian targets and oil prices surge across global markets, analysts say President Donald Trump may be confronting a difficult reality. Ending this conflict could prove far harder than starting it. Nearly two weeks into the confrontation, Iran is showing signs that it is ready for a drawn out struggle rather t…
Trump Outbursts over Oil Shock Go Off Rails as His Aides Quietly Panic - The DSR Network
Donald Trump has been all over the place on the global oil shock created by his war amid Iran’s closing of the Strait of Hormuz. Earlier this week he angrily claimed that the price hikes are a small price to pay for world peace, adding: “ONLY FOOLS WOULD DISAGREE!” But on Thursday he offered some bizarre new spin, …
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