Washington — Donald Trump said rising oil prices linked to the conflict with Iran are “a very small price to pay” for global security, arguing that the surge will be temporary and should fall once Iran’s nuclear threat is eliminated.
In a post on his Truth Social platform, Trump said the current spike in energy prices is short-term and justified by the broader goal of removing Iran’s nuclear capabilities.
“Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace,” the president wrote.
Oil surges above $100
Global oil markets have surged amid the escalating conflict involving the United States, Israel, and Iran. Benchmark crude prices climbed above $100 per barrel for the first time in several years, driven by fears of supply disruptions in the Middle East.
The spike has been fueled in part by disruptions around the Strait of Hormuz, a narrow maritime passage through which roughly 20% of the world’s oil supply passes. Shipping traffic in the region has been heavily affected by the conflict.
Political and economic pressure
The surge in energy prices has already begun pushing up gasoline costs in the United States, raising concerns about inflation and economic pressure on consumers. Analysts warn that fuel prices could climb close to $4 per gallon nationwide if supply disruptions continue.
Despite those concerns, Trump insisted that the economic impact is temporary and that oil prices will stabilize once the conflict ends and Iran’s nuclear threat is neutralized.
The remarks come as the war in the Middle East continues to rattle global energy markets and raise fears that the conflict could expand further if additional countries become involved.
