Former U.S. President Donald Trump has issued a stark warning over the potential rise in global oil prices following Iran’s declaration of possible retaliation for the attacks on its three nuclear sites. Trump cautioned that further escalation in the Middle East could trigger a dramatic spike in energy costs, destabilizing global markets and putting additional pressure on already fragile economies.
Iran has threatened to launch a fierce counterattack if it discovers evidence that foreign forces planned the recent airstrikes on its nuclear installations. Officials say the attacks had the characteristics of a state-sponsored operation, but Tehran has not named the culprits directly. This raises concerns about a tit-for-tat confrontation that might endanger crucial oil supply routes.
Trump blasted the current U.S. foreign policy for failing to de-escalate Gulf tensions while speaking at a rally in Florida. “Oil could reach $150 per barrel or higher if we don’t address this quickly. That would crush American families and businesses,” he said, calling for urgent diplomacy and energy independence measures to safeguard U.S. interests.
A fifth of the world’s oil supply passes through the Strait of Hormuz, which may be disrupted by any Iranian reprisal, according to energy specialists. With oil markets already sensitive to geopolitical risks, the situation is being closely monitored by traders, governments, and consumers worldwide.
