United States President Donald Trump said the "short-term" spike in oil prices amid Iran and US-Israel conflict and Middle East tensions, is worth the cost if it eliminates Tehran's nuclear threat. United States President Donald Trump said the "short-term" spike in oil prices amid Iran and US-Israel conflict and Middle East tensions, is worth the cost if it eliminates Tehran's nuclear threat. Trump said that oil prices would "drop rapidly" once Iran's nuclear capabilities are destroyed, adding that "only fools would think differently." In a post on Truth Social, he wrote, "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. According to CNN Business, investors have expressed concern that the conflict with Iran would lead to prolonged restrictions on the flow of oil around the globe.

Source: dna March 09, 2026 02:13 UTC