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.

In the ongoing Strait of Hormuz crisis, now in its fourth week since Iran's March blockade, US President Donald Trump has ordered the Navy to impose a counter-blockade after peace talks collapsed in Islamabad, Pakistan. Global oil prices hit $103 per barrel, raising fuel shortage alarms in Kenya ahead of a key price review.

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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.

US intelligence warned President Donald Trump that Iran could retaliate against Gulf allies, but Iran struck countries including Kuwait and Bahrain, widening the war. Trump said Washington was 'shocked'. Tensions have intensified around the Strait of Hormuz.

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The ongoing conflict with Iran has halted shipping in the Strait of Hormuz, driving up global oil and gas prices. This surge is providing short-term gains for producers outside the Persian Gulf region, such as Exxon Mobil and Chevron. Consumers in the US and Europe are facing higher bills as a result.

President Donald Trump announced a two-week ceasefire with Iran on Tuesday evening, less than two hours before his self-imposed 8 p.m. ET deadline to destroy the country unless it reopened the Strait of Hormuz. The deal, presented via Pakistan, prompted oil prices to plunge and stocks to surge worldwide. The announcement followed Trump's morning Truth Social post threatening that 'a whole civilization will die tonight' without a deal.

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Following his recent suggestion of winding down U.S. operations, President Trump threatened new strikes on Iran while lifting sanctions and requesting massive funding, underscoring strategic uncertainty in the third-week war.

 

 

 

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