Trump, Big Oil and Israel

President Donald Trump on Thursday touted the benefits of rising oil and gas prices amid the Iran war after Tehran closed the Strait of Hormuz, saying that it is worth the cost of keeping the Middle East nation from obtaining nuclear capabilities.

"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," Trump wrote on Truth Social.

Why It Matters

Iran closed the Strait of Hormuz in retaliation for U.S.-Israeli joint strikes that killed Supreme Leader Ayatollah Ali Khamenei and opened the war in the Middle East on February 28, sending gas prices soaring as global markets reel. Some analysts have suggested that American motorists could be paying $5 at the pump by the end of the month.

Oil started trading at more than $100 a barrel on Sunday for the first time in four years, but Trump downplayed the hike and insisted in a post on Truth Social that the price would "drop rapidly."

As of Thursday, the average price for a gallon of regular gas was $3.598 nationwide, according to data from the American Automobile Association (AAA), up from $3.109 a week earlier and $2.921 a month earlier.

In a Truth Social post, the president wrote: "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," Trump wrote. "I won’t ever let that happen! Thank you for your attention to this matter. President DONALD J. TRUMP"

The president on Wednesday said the war with Iran had already been decided in America's favor, even as the conflict continues into its 13th day, with American and Israeli forces continuing to carry out strikes.

He reiterated the need to prevent Iran from developing "nuclear potential," telling a crowd in Kentucky on Wednesday that the U.S. "obliterated" any such capabilities, without providing details. He insisted that Iran “started again,” saying: “That’s why we got to finish it. We don’t want to go back every two years.”

https://www.newsweek.com/trump-brags-making-money-oil-prices-rise-11667079

NEWSWEEK - MarCH 12, 2026

Why did Trump Attack Iran?

On Feb. 28, 2026 Trump committed the most serious of war crimes by lauching an unprovoked first strike on Iran.

Does Trump want to prolong this war?

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