LOADING ERROR LOADINGWASHINGTON — President Donald Trump’s widening war in Iran is causing oil prices to fluctuate wildly, making fuel more expensive for consumers and businesses and threatening to cause a larger crisis in the global economy. AdvertisementAnd he downplayed oil prices, saying he knew they would go up on account of what he called the Iran “excursion.”“I knew oil prices would go up if I did this,” Trump said. “I know the White House is taking the increase in oil prices and gas prices very seriously, and, you know, that’s a good thing,” he said. “When oil prices spike like this, it ripples across the entire economy,” Senate Minority Leader Chuck Schumer (D-N.Y.) said in a floor speech. Inflation was already on the rise, and Trump’s war just made it much, much worse.”California Gov.

Source: Huffington Post March 10, 2026 16:27 UTC