US President Donald Trump says oil price spike on Iran war a ‘small price to pay’
US President Donald Trump said that the rise in oil prices is a "very small price to pay" for defeating Iran and to ensure world peace, the Telegraph reported on Sunday.
"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! President DJT," Trump posted on his Truth Social account.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is up 16.42% on the day at $103.07.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Paxos Adds XRP to Crypto Brokerage as Institutional Access Expands
Ondo, Kakaopay Open Korean Stocks to Global Investors
$72.3B Bitcoin Giant Strategy Fuels Fresh Buy Rumors with Saylor’s Latest Post
Gold and Silver Shed $400 Billion in Minutes. Here’s What Really Happened
Crypto prices
More
