"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. 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."
"We're going through short-term energy disruption for just huge long-term gain. You're seeing Iran's behavior. They're attacking every country in the region. Gas prices are going up, jet fuel prices are jumping, and CEOs are saying that ticket prices are also going to go up."
"Iran just said that the world should be ready for oil at $200 a barrel. You don't agree with Iran on anything, but do you agree the people need to be prepared for that? CNN anchor Kate Bolduan asked Secretary of Energy Chris Wright about potential price escalation."
Trump reversed his previous stance on gas prices, acknowledging that rising oil prices benefit the United States as the world's largest oil producer. He prioritized preventing Iran from obtaining nuclear weapons over consumer concerns about fuel costs. National gas prices reached $3.60 per gallon, up 60 cents in one month, with oil topping $100 per barrel. Secretary of Energy Chris Wright declined to rule out prices reaching $200 per barrel amid escalating Middle East tensions. Iran's new Supreme Leader reportedly called for keeping the Strait of Hormuz closed, a critical shipping route for one-fifth of global oil supply. Trump claimed the conflict was nearly resolved while acknowledging it wouldn't end immediately.
#oil-prices-and-energy-policy #iran-conflict-and-nuclear-weapons #gas-price-inflation #trump-administration #middle-east-geopolitics
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