Trump says rising oil prices ‘a very small price to pay’ for ‘safety and peace’

U.S. President Donald Trump said Sunday that the increasing prices of oil are “a very small price to pay” for “safety and peace” amid the U.S. conflict with Iran.

“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 said in a Truth Social post.

“ONLY FOOLS WOULD THINK DIFFERENTLY!” he added.

Oil prices spiked near $120 per barrel before falling back slightly on Monday as the Iran war intensified.

The U.S. and Israel launched what they described as a pre-emptive strike against Iran on February 28, claiming that Tehran was developing a nuclear weapon and posing a threat—an allegation Iran has denied. In response, Iran launched counterattacks, firing missiles and drones at Israel, as well as at U.S. assets and other targets across the Middle East. 

Amid the attacks, Iran closed the Strait of Hormuz, one of the most strategically important oil passages in the world, carrying about 20% of the global oil supply.