economy
March 12, 2026
‘We make a lot of money’: Trump downplays rise in gas prices during Iran war
The US president says higher oil prices benefit the country as Iran war pushes petrol costs above $100 per barrel
TL;DR
- Donald Trump stated that higher oil prices, exacerbated by the Iran war, benefit the United States financially.
- Average gas prices have reached $3.60 per gallon, with crude oil prices exceeding $100 per barrel.
- Trump emphasized his priority is preventing Iran from acquiring nuclear weapons.
- Democrats criticized Trump's stance, arguing his policies fail to lower gas prices for Americans.
- The rise in gas prices is seen as a political liability for Trump and his Republican allies ahead of midterm elections.
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