US President Donald Trump justified the temporary increase in oil prices due to the escalating military conflict with Iran. He did this on the social network Truth Social.
"Short-term oil prices, which will fall rapidly once the Iranian nuclear threat is eliminated, are a very small price to pay for the security and peace of the United States and the world," Trump noted.
In his words, "only fools don't think so".
The price of oil exceeded $ 100 per barrel after the weekend, after major energy producers in the Middle East reduced production.
This is the sharpest jump since February 2022, when oil prices also rose significantly above $ 100 per barrel after the start of the war in Ukraine.
The Strait of Hormuz, one of the most important oil and gas supply routes in the world, remains closed due to the war between the United States and Israel with Iran.