Oil Prices Will Drop When Destruction of Iran Nuclear Threat Is Over — Trump

Oil Prices Will Drop When Destruction of Iran Nuclear Threat Is Over — Trump

United States President Donald Trump has said the recent surge in global oil prices will be temporary, insisting that crude prices will “drop rapidly” once the threat posed by Iran’s nuclear programme is eliminated.

Trump made the remark in a post on his Truth Social platform as oil prices surged past $100 per barrel following escalating tensions in the Middle East involving the United States, Israel and Iran.

“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,” Trump said, adding that “only fools would think differently.”

The comment came as global energy markets reacted sharply to the intensifying conflict in the region. In early Asian trading on Monday, West Texas Intermediate (WTI) crude traded above $108 per barrel, while Brent crude hovered around similar levels, marking the first time in nearly four years that benchmark oil prices have crossed the $100 mark.

Market analysts say the sharp rally in oil prices reflects growing fears of supply disruptions from the Middle East, a region that accounts for a significant share of global crude production and exports.

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The surge followed a dramatic escalation in hostilities, including reported strikes on energy infrastructure and military installations across Iran and neighbouring areas.

Israeli forces reportedly targeted fuel storage facilities and strategic sites near Tehran, while Iranian forces continued drone and missile attacks across the region, with ripple effects including strikes on Gulf targets and casualties reported on multiple sides.

The violence has heightened fears that oil supplies from the Middle East could be disrupted for weeks, particularly if critical shipping routes are affected.

Energy traders and governments are closely monitoring developments around the Strait of Hormuz, a strategic maritime corridor linking the Persian Gulf to global markets and through which about one-fifth of the world’s oil supply passes daily.

Any disruption to shipping in the narrow waterway could significantly tighten global oil supply and push prices even higher.

Concerns over the escalating conflict have also rattled global financial markets. U.S. stock futures declined amid investor anxiety over rising energy costs and the broader economic risks associated with geopolitical instability.

Energy analysts warn that if the conflict continues to intensify or begins to affect oil production facilities, export terminals or tanker routes, crude prices could climb further, potentially triggering higher inflation, increased fuel prices and economic pressure on consumers worldwide.

Despite the market volatility, Trump maintained that the spike in oil prices is a short-term consequence of military action aimed at neutralising Iran’s nuclear capability, expressing confidence that energy markets will stabilise once the conflict subsides.

However, market watchers say the situation remains highly fluid, with every new development in the Iran conflict likely to send immediate ripples across global energy and financial markets.

Oil Prices Will Drop When Destruction of Iran Nuclear Threat Is Over — Trump