"President Trump is maintaining stability of global energy during the military operations against Iran," Wright posted at 1:02 p.m. local time before the post appeared to be removed. "The US Navy successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing to global markets," Wright said. Trump's Republicans will soon be campaigning to retain control of US Congress in November midterm elections, with many voters worried about rising energy prices. Even if the war ends, oil supplies will not immediately rebound, said Simon Flowers, chairman and chief analyst at Wood Mackenzie. Saudi Arabia's Aramco, the world's top oil exporter, said there would be "catastrophic consequences" for global oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.

Source: The Star March 11, 2026 03:40 UTC