US President Donald Trump has responded to the surge in oil prices\nresulting from the war involving the United States and Israel against\nIran since late February. Trump views the spike in oil prices as \u201ca very\nsmall price to pay\u201d.<\/p>\n
According to Bloomberg and Al Arabiya, as reported on Monday, 9 March\n2026, Trump stated that oil prices would fall rapidly once the\ndismantling of Iran\u2019s nuclear threat ends.<\/p>\n
\u201cShort-term oil prices, which will decline rapidly when the\ndismantling of Iran\u2019s nuclear threat is complete, are a very small price\nto be paid by the US, and the World, and Security and Peace,\u201d Trump\nwrote in a statement via Truth Social.<\/p>\n
\u201cONLY FOOLS WOULD THINK OTHERWISE,\u201d the US President said.<\/p>\n
The war in the Middle East, following attacks by the US and its ally\nIsrael against Iran, has shown no signs of abating. The conflict has\neven expanded after Tehran struck Gulf nations that host American\nmilitary assets, with concerns that the fallout could trigger an\ninflation crisis.<\/p>\n
The suspension of oil shipments via the Strait of Hormuz, the narrow\nwaterway that handles one-fifth of the world\u2019s oil, combined with\nattacks on major energy infrastructure, has already driven up crude oil\nand natural gas prices.<\/p>\n
Oil prices have surged above US$100 per barrel as more major Middle\nEastern producers, including Kuwait and the United Arab Emirates, have\nreduced production due to storage facilities filling rapidly from the\nclosure of the Strait of Hormuz. Iraq also began halting its production\nlast week.<\/p>\n
The fallout from the war has drawn dozens of nations into the\nconflict. Nevertheless, Trump has indicated he may deepen the conflict\nthat is disrupting energy markets.<\/p>\n
In a social media post on Saturday, 7 March morning, Trump stated\nthat the US was considering striking areas and groups in Iran that were\npreviously not considered targets. This statement came after Iranian\nPresident Masoud Pezeshkian vowed not to back down.<\/p>\n
Meanwhile, Iran has just announced that Mojtaba Khamenei, the son of\nthe late Ayatollah Ali Khamenei, is the new supreme leader. The Iranian\nRevolutionary Guards have pledged to obey the new supreme leader.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/trump-states-oil-prices-will-fall-after-iran-nuclear-threat-is-ended-1773053551", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }