The President of the United States, Donald Trump, has played down concerns about rising oil prices and market instability linked to the ongoing conflict with Iran.
Speaking on his social media platform, Truth Social, Trump explained that higher oil prices could actually benefit the United States because the country is currently the world’s largest oil producer. According to him, when oil prices increase, the United States earns more revenue from its energy production.
However, Trump stressed that his main priority as president is not profit but national and global security. He stated that his administration is focused on preventing Iran from developing nuclear weapons, which he believes could threaten the stability of the Middle East and the wider world. Trump strongly declared that he would never allow such a situation to happen.
Meanwhile, the International Energy Agency warned that the global oil market could face a serious crisis. The agency said the world might experience the largest supply disruption in oil market history if tensions continue to escalate.
The warning comes as Iranian attacks on key shipping routes increase, raising fears about disruptions to global oil supply and further volatility in international markets.
The situation has sparked growing concern among governments and investors, as continued conflict could significantly affect global energy prices and economic stability.
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