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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President Trump announces Iran truce at podium with Strait of Hormuz map and crashing oil prices on screen, symbolizing market plunge.
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Oil prices plunge after Trump's truce with Iran

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President Donald Trump announced a two-week suspension of attacks against Iran, conditioned on reopening the Strait of Hormuz. WTI crude prices fell over 17% to US$93 per barrel, while Brent dropped to US$103.43. The move follows a 10-point Iranian proposal and talks with Pakistan.

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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Global oil prices are poised for their strongest monthly gain on record, with Brent crude nearing a 60% March surge due to the Iran war. US President Donald Trump indicated he is considering an exit from the conflict despite ongoing disruptions in the Strait of Hormuz. Tanker attacks continue to choke supplies.

President Donald Trump warned on Monday that the United States would target every bridge and power plant in Iran by Tuesday night unless a deal is reached to open the Strait of Hormuz. During a White House press conference, he detailed a successful rescue mission for two downed U.S. airmen while evading questions on potential war crimes. Iran rejected a proposed ceasefire amid ongoing diplomatic efforts by regional mediators.

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Crude oil prices have rocketed above $115 a barrel after the US and Iran exchanged fire, shattering a fragile ceasefire amid weeks of escalating tensions. Following stalled April peace talks, naval blockades, and ship seizures in the Strait of Hormuz, the clash has intensified fears of broader Middle East conflict, threatening global energy supplies and stoking market volatility.

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