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Trump Associate Warns US Economy Vulnerable to $100 Oil Amid Iran Conflict
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Trump Ally Warns Fragile US Economy Can't Handle $100-A-Barrel Oil Amid Iran War
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News18
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19-03-2026, 10:27
Trump Ally Warns Fragile US Economy Can't Handle $100-A-Barrel Oil Amid Iran War
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EJ Antoni, former Trump nominee, states the US economy is too fragile for $100-a-barrel oil due to inflation concerns from the Iran conflict.
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Antoni, chief economist at Heritage Foundation, warns rising energy prices will push inflation higher, reversing previous easing.
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Republicans are concerned escalating oil prices, with Brent crude near $110 a barrel, will impact midterm election chances.
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Petrol prices surged to $3.84 a gallon, and diesel exceeded $5, heavily impacting US consumers and businesses.
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US GDP growth for Q4 2025 revised down to 0.7%, wholesale prices rose faster than expected, and the economy lost 92,000 jobs last month.
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