Trump Still Talking Tough: The Higher Oil Prices, the More America Earns

GateUser-bd883c58 · 2026-03-12T23:41:32+00:00

As global oil prices rise, Trump stated that rising energy prices are beneficial to the United States and emphasized the importance of preventing Iran from acquiring nuclear weapons. Meanwhile, the International Energy Agency warned that Iran's control over the Strait of Hormuz could lead to severe oil supply disruptions, with Brent crude oil prices having surpassed $100 per barrel.

GateUser-bd883c58

2026-03-12 23:41:32

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As global oil prices soar, U.S. President Trump is still insisting that rising energy prices are beneficial for America.

On March 12, Trump posted on social media, “The United States is the world’s largest oil producer so far, so when oil prices go up, we can make a big profit. But what I care about more, and what I think is more important, is stopping Iran, this ‘Evil Empire,’ from acquiring nuclear weapons and preventing it from destroying the Middle East and even the entire world. I will never let that happen!”

At the same time Trump made these remarks, the International Energy Agency (IEA) issued a warning. Due to Iran’s control over the Strait of Hormuz, the world may be facing the “largest supply disruption in the history of the global oil market.”

Earlier that day, Brent crude oil prices surged by as much as 10%, climbing back above $100 per barrel.

This article is an exclusive report by Observer.com. Reproduction without permission is prohibited.

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