Trump defends Iran strikes amid oil price surge from tanker attacks

President Trump justified U.S. strikes on Iran's nuclear program despite oil prices topping $100 per barrel, following Iranian attacks on tankers that disrupted Gulf shipping. He prioritized preventing Iran's nuclear armament over short-term energy costs, announcing further measures to ease U.S. gas prices.

In the wake of Iranian attacks on oil tankers in the Persian Gulf—as detailed in prior coverage—President Donald Trump defended the ongoing U.S. military operation targeting Iran's nuclear facilities. Brent crude exceeded $100 per barrel for the second time that week, driving U.S. gas prices to $3.59 per gallon nationally, up from $2.94 a month prior.

Posting on Truth Social Thursday, Trump stated: “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. I won’t ever let that happen!”

The Pentagon echoed this, emphasizing long-term disruption of Iran's nuclear program. Secretary of War Pete Hegseth highlighted Iran's conventional defenses around nuclear sites. Building on the prior Strategic Petroleum Reserve release of 172 million barrels, the White House is eyeing a temporary Jones Act waiver to cut domestic shipping costs for oil and goods. Press Secretary Karoline Leavitt noted: “In the interest of national defense, the White House is considering waiving the Jones Act for a limited period of time... This action has not been finalized.”

Trump floated U.S. Navy escorts for tankers through the Strait of Hormuz, a key chokepoint for global oil. Energy Secretary Chris Wright indicated this would follow once military priorities shift from dismantling Iran's capabilities.

Iran's new supreme leader, Mojtaba Khamenei, vowed to keep pressuring the Strait: “Certainly, the lever of closing the Strait of Hormuz must continue to be used.” Critics, including in The Nation, slammed the conflict as an 'undeclared, unauthorized, unpopular, and unconstitutional war of aggression.'

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Illustration depicting US Navy escorting oil tanker in Strait of Hormuz amid volatile oil prices and White House statement correction.
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White House walks back navy escort claim as oil prices fluctuate

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Oil prices swung sharply on Tuesday after a U.S. Energy Secretary's claim of a Navy escort through the Strait of Hormuz was corrected by the White House, amid ongoing disruptions from the U.S.-led operation against Iran. Brent crude fell to around $81 per barrel before recovering to close near $91. The incident highlights efforts to stabilize oil flows through the strait, which carries 20% of the world's oil.

President Donald Trump ordered US and Israeli attacks on Tehran in the early morning of February 28, 2026, prompting an Iranian missile response against Israel. This Middle East conflict endangers global oil supply via the Strait of Hormuz, through which one-fifth of the world's crude passes. In Mexico, which imports gasoline, it could lead to price hikes if the conflict persists.

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Oil prices have surged past $90 a barrel a week after the US and Israel launched major attacks on Iran, escalating into a Middle East war. The conflict has stranded oil shipments in the Persian Gulf and damaged key facilities, disrupting supplies. Consumers globally face higher gasoline and diesel costs as a result.

One day after US and Israeli attacks on Iran ignited oil price fears, the confirmed death of Supreme Leader Ali Khamenei and Tehran's retaliatory strikes have driven prices up as much as 13%—the largest jump in four years—amid fears of Strait of Hormuz disruptions, which carry 20% of global crude. OPEC+ ramps up output, while Mexico's peso weakens against the dollar.

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Oil prices recorded their largest daily gain since October, driven by concerns over a potential new conflict between the United States and Iran. Brent crude surpassed US$71 per barrel after a 4.3% rise, while West Texas Intermediate traded above US$66. Analysts warn that the US military buildup in the region could close the window for a diplomatic agreement.

As the US-Iran conflict disrupts global oil via the Strait of Hormuz closure—driving prices above $100 per barrel—Trump administration rollbacks on vehicle fuel efficiency standards are amplifying domestic gasoline price surges, undoing decades of efficiency gains that previously blunted such shocks.

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As the US-Israel-Iran conflict surpasses its fourth day following initial strikes on February 28, Iran has blockaded the Strait of Hormuz and launched drone attacks on key Saudi and Qatari energy facilities. Growing European involvement and US commitments elsewhere raise concerns over prolonged hostilities harming American interests. De-escalation through negotiations is urgently needed.

 

 

 

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