Crude Sentiment: Trump Boasts About High Oil Prices

While most cringe when the see the price of oil going up, the same can’t be said of President Donald Trump. “The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of…

Sandra RhodesMar 12, 20262 min read

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CNN anchor Kate Bolduan asked Wright about gas prices.

“Gas prices are going up, jet fuel prices are jumping, and CEOs are saying that ticket prices are also going to go up,” Bolduan asked. “Iran just said that the world should be ready for oil at $200 a barrel. You don’t agree with Iran on anything, but do you agree the people need to be prepared for that?”

“We’re going through short-term energy disruption for just huge long-term gain. You’re seeing Iran’s behavior. They’re attacking every country in the region,” Wright responded.

A statement from Iran’s new Supreme Leader Mojtaba Khamenei was released Thursday and claimed the Strait of Hormuz, “a key shipping route for a fifth of the world’s oil supply, should remain closed,” NPR reported.

On Wednesday, Trump claimed at a rally in Kentucky the war was all but over.

“Doesn’t mean we’re going to end it immediately, but they are– they’ve got no Navy, they’ve got no air force, they’ve got no anti-air traffic anything,” Trump said. “They have no systems of control. We’re just riding free-range over that country.”

“And now we’re gonna look very strongly at the straits. The straits are in great shape. We’ve knocked out all of their boats. They have some missiles, but not very many. I think we’re in very good – we’re in very good shape,” Trump added.