Trump points to US profits from the war in Iran
Photo: US President Donald Trump (Getty Images)
US President Donald Trump said that the rise in global oil prices amid the conflict with Iran means higher profits for the United States, Reuters informs.
Commenting on the situation in the energy market as of March 12, Donald Trump acknowledged that higher oil prices had created additional economic benefits for the United States.
At the same time, the US leader stressed that Washington’s key priority remains preventing Iran from obtaining nuclear weapons.
How the war in Iran affected the energy market
On February 28, Israel, together with the United States, launched a military operation against Iran. In response, Tehran began striking countries in the Middle East — Kuwait, Saudi Arabia, Qatar, the UAE, Jordan, Azerbaijan, and Türkiye came under attack.
Amid the escalation, Iran blocked the passage of vessels through the Strait of Hormuz, one of the world’s key oil transportation routes. This led to a sharp rise in global oil prices and increased logistics costs due to higher fuel prices.
In addition, there were reports that Iran might have mined the Strait of Hormuz. The Pentagon said that if this information is confirmed, the US could strike Iranian vessels in the region.
At the same time, Tehran warned that if the US and Israel do not stop their attacks, the price of oil could rise to 200 dollars per barrel.
Meanwhile, Trump said that the United States had effectively won the war against Iran, and the only question now is when exactly the hostilities will end.
