Trump: Rising oil prices only temporary, 'small price to pay' for peace
The issue of affordability has loomed over the congressional midterm elections.

President Trump said Sunday that increasing prices of oil are “a very small price to pay” for “safety and peace” amid the U.S. conflict with 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,…
The issue of affordability has loomed over the congressional midterm elections.
President Trump said spiking short-term oil costs triggered by Operation Epic Fury is a “very small price” to pay for peace. Trump posted on Truth Social Sunday that prices would “drop rapidly” once the “destruction of the Iran nuclear threat is over.” Oil prices have surged as Operation Epic Fury enters its second week –...
Oil prices soared on Monday amid the ongoing conflict between the United States, Israel, and Iran. The price of Brent Crude, the world’s benchmark for crude oil, reportedly climbed to $120 a barrel for a period on Monday before later dropping to around $110. Oil prices are now “50% more expensive” than before the conflict…
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…
The president's comments come as the prices of both crude oil and gasoline surge amid the war with Iran.
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. On today's show, oil spiked toward $120 a barrel as more major Middle East producers curbed production, the Strait of Hormuz remained all but closed and the US…
War-risk insurance costs surge as conflict threatens oil shipments through Strait of Hormuz, potentially driving up gas prices for American consumers.
President Donald Trump dismissed higher gas prices as a “very small price to pay” as analysts warned that disruptions from the war in the Middle East could escalate.