U.S. President Donald Trump has downplayed concerns over rising global oil prices and market volatility triggered by the escalating conflict involving Iran, insisting that higher energy prices can be economically beneficial for the United States.
In a post on the social media platform Truth Social on Thursday, March 12, Trump argued that the U.S., as the world’s leading oil producer, stands to gain financially when oil prices surge.
“The United States is the largest oil producer in the world, by far, so when oil prices go up, we make a lot of money,” the president wrote.
Despite the potential economic gains, Trump stressed that his primary concern remains preventing Iran from developing nuclear weapons, warning that such a development could destabilize the region and threaten global security.
“But of far greater interest and importance to me, as president, is stopping an evil empire, Iran, from having nuclear weapons and destroying the Middle East and, indeed, the world,” he added, vowing that such an outcome would never be allowed under his watch.
Trump’s remarks come amid growing fears about the impact of the conflict on global energy supplies. The International Energy Agency has warned that the escalating tensions could trigger what it described as the “largest supply disruption in the history of the global oil market,” particularly as Iranian attacks on key shipping routes intensify.
The warning has heightened concerns among global markets and energy analysts, with many closely monitoring developments in the region and their potential effect on oil supply and international trade.
