Donald Trump: $100+ Oil Price a 'Small Cost' for Defeating Iran

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Trump: $100+ Oil 'Small Price' for Defeating Iran, Ensuring World Peace

U.S. President Donald Trump speaks during a round table on collegiate sports in the White House in Washington, D.C., March 6, 2026. REUTERS/Nathan Howard

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CNBC TV18•09-03-2026, 05:07

Trump: $100+ Oil 'Small Price' for Defeating Iran, Ensuring World Peace

•Donald Trump stated on Truth Social that rising oil prices are a "very small price to pay" for defeating Iran and ensuring world peace.
•He believes prices will drop rapidly once the Iran nuclear threat is over.
•Crude oil prices surged 20% to nearly $110 per barrel, with Brent and US Crude variants trading above $100.
•Rising oil prices have roiled global financial markets, with Dow futures tanking 950 points.
•Gulf nations like Iraq, UAE, and Qatar cut production due to storage issues and tankers stuck in the Persian Gulf amid war.

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