According to the source article, global oil markets spiked Monday as Brent crude moved past $100 a barrel for the first time since 2022, touching $118 before easing near $104. The source ties the surge to reported joint U.S.–Israeli military strikes against Iran and disruptions around the Strait of Hormuz.
Trump: ‘Very small price’ now, lower prices later
The source attributes multiple posts to Donald Trump on Truth Social. In those posts, Trump called “Short term oil prices… a very small price to pay for U.S.A., and World, Safety and Peace,” and wrote, “ONLY FOOLS WOULD THINK DIFFERENTLY!” The source also reports Trump predicted prices would “drop rapidly” once Iran’s nuclear and missile infrastructure is dismantled.
The source says the administration argues the long-term benefit of a non-nuclear Iran outweighs a national gasoline average of $3.47 reported Monday by AAA (as cited by the source).
Strikes, shutdowns, and threats reported
The source claims Iran targeted regional energy hubs, including Saudi Arabia’s Ras Tanura refinery and Bahrain’s Bapco facility, prompting Aramco to shut operations as a precaution following drone strikes. In response, the source reports, Israel carried out precision strikes on oil facilities near Tehran that military officials said were used to fuel Iran’s war machine.
Referencing 1987’s mining of an American supertanker, an Iranian Revolutionary Guard spokesman identified by the source as Alimohammad Naini allegedly warned U.S. naval forces and said Iran “strongly welcomes” a U.S. Navy presence, suggesting they are “awaiting” a confrontation.
‘FREE FLOW of ENERGY’: insurance and possible escorts
The source reports Trump announced plans to direct the U.S. International Development Finance Corporation to offer political risk insurance for tankers and signaled the U.S. Navy is prepared to escort vessels through the Strait of Hormuz to ensure the “FREE FLOW of ENERGY.” The source frames this as a “Peace Through Strength” posture aimed at protecting roughly 20% of global oil that transits the narrow waterway daily.
