Trump: Stopping ‘Evil Empire’ Iran More Important Than Oil Prices
President Donald Trump said Thursday that preventing Iran from acquiring nuclear weapons remains a far greater priority than concerns about rising oil prices, stressing that security and stability in the Middle East outweigh short-term fluctuations in energy markets.
Trump acknowledged that the ongoing war with Iran has caused turbulence in global oil prices, but argued that preventing Tehran from developing nuclear weapons must take precedence.
“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,” Trump wrote on Truth Social.
“BUT, of far 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!” Trump added.
Energy markets have been volatile since Feb. 28, when the United States and Israel began Operation Epic Fury, a campaign targeting Iran’s nuclear facilities and missile infrastructure.
Oil prices climbed sharply earlier in the week, briefly approaching $120 per barrel amid fears that fighting could threaten oil shipments from the Persian Gulf, a region responsible for a significant share of the world’s energy supply.
Despite the market swings, Trump said the United States is in a strong position to handle potential disruptions because of its role as the world’s leading oil producer.
As part of efforts to limit price increases, Trump said he is prepared to release oil from the Strategic Petroleum Reserve if needed to help bring down fuel costs for Americans.
“Well, we’ll do that and then we’ll fill it up,” Trump told WKRC-TV during a visit to Thermo Fisher Scientific in Cincinnati.
“I filled it up once, and I’ll fill it up again, but right now we’ll reduce it a little bit, and that brings the prices down.”
In addition to U.S. actions, the International Energy Agency announced plans to release 400 million barrels of oil from emergency stockpiles. The move represents the largest such release in the agency’s history and is intended to prevent major disruptions to the global energy supply during the conflict.
Oil markets have shown signs of calming. Brent crude was trading near $93 per barrel in after-hours trading Wednesday, significantly below the peak reached earlier in the week.
Trump has repeatedly pointed to American energy production as a strategic advantage, arguing that domestic oil output provides the United States with flexibility during international crises.
During his first term, Trump sought to replenish the Strategic Petroleum Reserve after oil prices collapsed during the COVID-19 pandemic, though congressional Democrats blocked funding for the purchase.
The reserve currently contains about 416 million barrels of oil. That figure is well below the 638 million barrels stored when Trump left office in 2021, after the Biden administration drew down supplies in an effort to reduce rising fuel prices.
{Matzav.com}
