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

EJ Antoni (left) in the Oval Office with US President Donald Trump.

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News18•19-03-2026, 10:27

Trump Ally Warns Fragile US Economy Can't Handle $100-A-Barrel Oil Amid Iran War

•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.
•Antoni, chief economist at Heritage Foundation, warns rising energy prices will push inflation higher, reversing previous easing.
•Republicans are concerned escalating oil prices, with Brent crude near $110 a barrel, will impact midterm election chances.
•Petrol prices surged to $3.84 a gallon, and diesel exceeded $5, heavily impacting US consumers and businesses.
•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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