U.S. President has suggested that the recent spike in global oil prices will prove temporary, insisting the market will quickly correct once tensions surrounding ease.
Reacting to the current volatility in energy markets, Trump said the rise in crude prices reflects short-term geopolitical risk rather than a structural shift in global supply.
In a message shared on his social media platform, the former president argued that the cost of higher oil prices is a small trade-off if it leads to long-term security and stability.
“Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace,” Trump wrote.
The remarks come as crude markets react sharply to escalating geopolitical tensions in the Middle East, a region that plays a critical role in global oil supply. Traders have increasingly priced in potential supply risks, pushing benchmark crude higher.
As of about 10 minutes ago, Brent crude was trading at $97.45 per barrel, representing a 17.35 percent decline. Earlier in the morning, however, the global benchmark had surged to $111.10 per barrel, reflecting a sharp 19.84 percent spike amid heightened market anxiety.
Energy analysts note that geopolitical tensions often trigger rapid swings in oil prices, particularly when developments involve major producers or key shipping routes. Nevertheless, markets tend to stabilise once uncertainty begins to fade.
For now, investors and analysts are closely monitoring developments around Iran, as any escalation or diplomatic breakthrough could significantly influence the direction of global crude prices in the coming days.