US President Donald Trump is keeping close watch on oil prices, demanding they stay low to counter geopolitical adversaries. His strong message comes amid escalating tensions with Iran.
Following recent US-Israel strikes on Iranian targets, the American leader reacted sharply to subsequent price increases. "EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!" Trump said in a post on his Truth Social platform. He explicitly ordered the US Energy Department to ramp up production, demanding immediate compliance: "DRILL, BABY, DRILL!!!"
The remarks followed Sunday's bombing of Iran. On June 22, the United States attacked three Iranian nuclear facilities near Fordow, Natanz and Isfahan. White House officials characterized the operation as a one-time action, though Iran retaliated by threatening to block tanker traffic through the Strait of Hormuz.
Against this backdrop, Brent crude spiked to $81.40 per barrel, though the banchmark later stabilized.
