Amid surging global oil prices triggered by escalating conflict in West Asia, United States President Donald Trump said the "short-term" spike is worth the cost if it eliminates Tehran's nuclear threat.
In a post on Truth Social, Trump argued that oil prices would "drop rapidly" once Iran's nuclear capabilities are destroyed, adding that "only fools would think differently."
Calling it a small price to pay for
American and world safety and peace, Trump 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. ONLY FOOLS WOULD THINK DIFFERENTLY!"
Trump's remarks aimed to assuage fears after oil prices surged past USD 100 per barrel on Sunday — the first time they crossed the mark since the Russia-Ukraine conflict began in 2022.