US President Donald Trump confronted mounting pressures on the 10th day of the Iran war as oil prices surged past $100 and the Islamic Republic announced the hardline son of the assassinated Ayatollah Ali Khamenei as its new supreme leader.
Amid the unprecedented spike in gas prices in the United States sparked by the U.S. attack on Iran, President Donald Trump took to social media Sunday to insist that gas price hikes were “a very small price to pay,” and condemned critics as “fools.”“Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a…
Oil prices surged overnight Monday, settling near $100 a barrel as the conflict with Iran shows no signs of slowing down. Energy Secretary Chris Wright on Sunday downplayed concerns about the Strait of Hormuz’s closure and its effect on energy prices. President Trump called it a “very small price to pay” for “peace” in a social media…
"I have a plan for everything, okay?" Trump said in a brief phone interview on the 10th day of the joint US-Israeli war with Iran.
President Trump says surging oil prices are a short-term problem and a worthwhile sacrifice as the war in Iran causes supply concerns in energy markets.
The American and Israeli war on Iran is causing oil prices to skyrocket, fueling alarm around the world. Finance ministers from the Group of Seven, a collection of the world’s seven wealthiest nations, plan to meet on Monday to discuss a possible joint release of their emergency oil reserves in an effort to lower prices, Reuters reports. South Korea also…
NBC News correspondents Monia Alba, Allie Canal and Courtney Kube discuss the Trump administration’s plan to address volatile oil prices and the ongoing war with Iran. Jonathan Panikoff, director of the Scowcroft Middle East Security Initiative at the Atlantic Council, explains what to expect from Iran’s new supreme leader.
House Majority Whip Tom Emmer (R-MN) urged calm on Monday after the price of crude oil surged due to fallout from the Iran war. On Monday, crude oil prices climbed to $119.50 a barrel before falling back. They leveled off to hover around $100 per barrel by late Monday morning. Oil prices had not surged…
