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Posted on 03/12/2026 7:46:17 AM PDT by Miami Rebel
President Trump said Thursday that there is an upside to rising oil prices as a result of the war against Iran — the U.S. will make money as a major producer.
Mr. Trump, posting on Truth Social, was responding to oil prices that flirted with $100 per barrel as Tehran clamped down on tanker traffic through the Strait of Hormuz, where about 20% of the world’s oil supply transits.
“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” Mr. Trump posted.
Mr. Trump weighed in as Iran’s new supreme leader, Ayatollah Mojtaba Khameini, said Iran would continue to use the Strait of Hormuz as a “tool to pressure the enemy.”
The Iranian leader also said attacks on oil-rich Persian Gulf nations would continue.
Mr. Trump’s post on Thursday attempted to put a positive spin on the rapid rise in oil prices as global supply dwindles. At the same time, Mr. Trump has said the increase in oil prices is a natural byproduct of the war that will ease soon.
Prices are “gonna come down more than anyone understands,” he said Wednesday during a visit to Ohio.
The national average price for a gallon of gas reached $3.60 on Thursday, an increase of 22% from a month ago, according to the AAA motor club.
Mr. Trump said he is focused on thwarting the Iranian regime from developing nuclear weapons or supporting terror groups in the Middle East.
Pivoting from oil prices, he wrote that “of greater interest and importance to me, as President, is stopping an evil Empire, Iran, from having Nuclear Weapons, and destroying the Middle East and, indeed, the World.
“I won’t ever let that happen!” he posted.
(Excerpt) Read more at washingtontimes.com ...
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Just today I saw a letter to the editor in which someone was saying "No war for oil."
I don't think this war is about oil. But Trump's statement plays right into that talking point.
The voters at the pump may disagree with his enthusiasm for higher prices. Gas has gone up about $.80 here on the northside of Indianapolis in a week. That’s not a good optics for November success. People might agree in principle with what we’re doing in Iran, but what they care about is what’s in their pocketbooks and wallets.
Spot on Mr. President!
This is a great boost to the economies of Texas and other major oil producing states.
Perhaps, and "oil producing states" lean Republican.
Someone said that to me during the Bush years.
I asked if they thought war would be justified if people were fighting for food?
They thought a second and said, "Yes, I could understand that."
To which I said, "So how are you going to get food without oil? Do you have a farm or do you get yours from the grocery store? How do you get there and back, in a car right? And how does the food get to the store, in trucks right?"
So yes, I say resoundingly, war for oil!
As for gas prices, it is really not that bad. In SE Texas, the wholesale price is ~$2.50 a gallon.
I paid $3.50 yesterday in Irving, Texas.
As Rush Limbaugh used to say: “Keep your eye on the price of gas - when gas goes up, everything else goes up too!”
I believe most people vote with their wallets, and with gas going up, food, which is already sky high, will follow and that will determine, IMO, a lot of people’s votes going into the midterm elections.
The blowback won’t be from the Democrats. It’ll be voters’ reaction to what they pay at the pump. My assistant filled his Tacoma yesterday for $68. The prior tank cost $55.
And does not come back down when the price of gas goes down.
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