“Short-term oil prices, which will plummet once the threat of destruction by the Iran nuclear threat subsides, are a very low price to pay for the United States, the world, security and peace,” Trump wrote in a post on Truth Social. “Only fools think otherwise!” – he added.
Which oil prices exceeded the $100 barrier?
Who commented on the increase in oil prices?
What did the US Secretary of Energy do about oil prices?
What actions has the Trump administration taken to reduce pressure on oil prices?
Effects of closing a key sea route
The increases caused by the closure of the Strait of Hormuz occur despite a number of actions taken by the Trump administration to reduce the upward pressure, including the easing of sanctions on Russian crude oil. US Secretary of Energy Chris Wright said on Sunday that the opening of the strait and a drop in prices would be a matter of “weeks, not months.”
