Trump States Oil Prices Will Fall After Iran Nuclear Threat Is Ended
US President Donald Trump has responded to the surge in oil prices resulting from the war involving the United States and Israel against Iran since late February. Trump views the spike in oil prices as “a very small price to pay”.
According to Bloomberg and Al Arabiya, as reported on Monday, 9 March 2026, Trump stated that oil prices would fall rapidly once the dismantling of Iran’s nuclear threat ends.
“Short-term oil prices, which will decline rapidly when the dismantling of Iran’s nuclear threat is complete, are a very small price to be paid by the US, and the World, and Security and Peace,” Trump wrote in a statement via Truth Social.
“ONLY FOOLS WOULD THINK OTHERWISE,” the US President said.
The war in the Middle East, following attacks by the US and its ally Israel against Iran, has shown no signs of abating. The conflict has even expanded after Tehran struck Gulf nations that host American military assets, with concerns that the fallout could trigger an inflation crisis.
The suspension of oil shipments via the Strait of Hormuz, the narrow waterway that handles one-fifth of the world’s oil, combined with attacks on major energy infrastructure, has already driven up crude oil and natural gas prices.
Oil prices have surged above US$100 per barrel as more major Middle Eastern producers, including Kuwait and the United Arab Emirates, have reduced production due to storage facilities filling rapidly from the closure of the Strait of Hormuz. Iraq also began halting its production last week.
The fallout from the war has drawn dozens of nations into the conflict. Nevertheless, Trump has indicated he may deepen the conflict that is disrupting energy markets.
In a social media post on Saturday, 7 March morning, Trump stated that the US was considering striking areas and groups in Iran that were previously not considered targets. This statement came after Iranian President Masoud Pezeshkian vowed not to back down.
Meanwhile, Iran has just announced that Mojtaba Khamenei, the son of the late Ayatollah Ali Khamenei, is the new supreme leader. The Iranian Revolutionary Guards have pledged to obey the new supreme leader.