Tuesday, March 10, 2026

Oil for over $100 a barrel ‘very small price to pay’ for Iran war – Trump

Oil price $100 per barrel

The US president has attempted to quell fears that the military operation he launched will exacerbate the global energy crisis.

The surge in oil prices will not stop the US from waging its war on Iran, President Donald Trump has said, after Brent shot past $100 per barrel on Sunday, marking the biggest daily gain since the start of the Covid-19 pandemic in 2020.

In response to the US and Israeli airstrikes, Iran has closed the Strait of Hormuz and struck tankers attempting to cross the waterway, which serves as a route for around one-fifth of the world’s oil supply. Iraq, the United Arab Emirates, and Kuwait, all major oil producers, have cut output after running out of storage space.

In a Truth Social post on Sunday, Trump downplayed the effects of the war on global trade.

“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. ONLY FOOLS WOULD THINK DIFFERENTLY!” Trump wrote.



During his reelection campaign, Trump promised cheaper gas and no costly wars. However, according to data from the American Automobile Association, the national average price of regular gasoline has risen by 15% over the past week to $3.45 per gallon, with some areas reporting increases of nearly 30%.

US Treasury Secretary Scott Bessent said on Friday that Washington is exploring additional measures to lower oil prices. Energy Secretary Chris Wright pledged to bring gasoline back below $3 per gallon “before too long.”

Last week, the Treasury formally allowed India to temporarily buy oil from Russia, with Bessent saying the US could potentially “unsanction” more of Russia’s energy exports.

JPMorgan chief economist Bruce Kasman told Reuters that the “near-term scenario” could see crude prices spike toward $120 per barrel before settling “at an elevated $80 bbl through mid-year” if the conflict persists. Russian presidential investment envoy Kirill Dmitriev said on Monday that oil prices could exceed $200 a barrel in the event of a “prolonged conflict.”

Image credit: Zbynek Burival

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Source:RT News

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6 COMMENTS

    • Dont worry, NZ has two geniuses to manage our economy through fhe economic turmoil.

      Nicola Willis who can’t find one dollar saving from the disgraceful (added 17500 bureaucrats without a single benefit to taxpayers) Ardern government’s fraudulant spending

      And error prone (which is of course an euphemism for incompetent) Anna Bremman. The 4th best applicant for nz reserve bank governor chosen by (you guessed it) the genius Nicola Willis.

      PS calls for Luxon’s resignation are looking more and more like a propagandists’ strategy to distract Kiwis from the real reason we’re not voting National, NZ first, or ACT which is…..
      Their corrupt support of the Kiwi Business and consumer defrauding, price colluding Australian cartels (which own nz petrol stations)

      NZ needs an honest and clever centre right party to uncover and purge NZ of Australian, Nicola Willis, and H Clark corruption.

  1. If it weren’t for Emperor Trump we’d all be speaking Iranian right now, so freezing and starving to death is the least we can pay.

  2. Predictive programming and quatrains of old indicate that the Trumpet Man will die in 2026.
    He has a rash on his neck; but what disease causes that?
    The Simpsons have long been a predictive programming tool for the PTB, and check out the episode of Trump dying in 2026, along with the episode of ‘The Stonecutters’ aka Freemasonry exposed.
    The Deep State PTB love toying with the ‘unenlightened profane’ and ‘those walking in darkness’, especially when we are all classified as Goyim Gentiles.
    In 7 weeks the U.S. will run out of ammo, there will be no ‘boots on the ground’ in Iran due to a severe logistical supply strain, and we may well see a U.S. carrier attacked and possibly sunk if the Air Wings of Carrier-based Naval Aviation Squadrons are once again brought into the combat radius and range of Iran.
    In the meantime, everyone should check their preps.
    You can keep up to 50 litres of petrol in approved containers at your home, but not in your home.
    Check your engine oil stocks…
    Water, a Berkey filter, freeze-dried food buckets, canned meat, maybe even consider purchasing an e-bike and trailer when oil goes to US$200 a barrel…think ahead of these deliberate manufactured Rothschild / Zionist / PTB/NWO strategies and tactics which these deranged psychopaths are enacting.
    They want us all DEAD!! Everywhere Israeli J3w$ go, they reap death and destruction!
    That is why they were thrown out of 109 nations over the last 800 years!
    https://odysee.com/@thecrowhouse:2/Max-Igan—Stew-Peters-Show—03-02-26:4
    https://rumble.com/v76qwmw-goyim-alert-jewish-puppet-masters-bleed-americans-dry-for-talmudic-empire.html?e9s=src_v1_ucp_a
    https://rumble.com/v76c6ac-israeli-spyware-firm-builds-jewish-secret-police-to-arrest-floridians-for-w.html?e9s=src_v1_ucp_a
    It’s amazing that ‘hate speech’ either vocally, in printed form, or in telecommunications can get one arrested, imprisoned, or eventually executed, but:
    The hatred in the J3wi$h Talmud is conveniently excused.
    https://rumble.com/v76n992-trumps-betrayal-americas-blood-for-greater-israel.html?e9s=src_v1_ucp_a

  3. Or we would all be dead, as that is what Iran planned death of the west! So a little extra money for petrol and food SO WHAT.

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