While nations worldwide hunt ways to curb fuel use amid Middle East-driven oil spikes, US President Donald Trump flips the script, hailing it as a jackpot for America.
Truth Social carried his message Thursday: Top dog in oil production means big bucks on price upticks. Yet, Trump stressed blocking Iran’s nuclear ambitions as paramount – a ‘dangerous power’ endangering all. ‘Never under my watch,’ he vowed.
Echoing IEA’s dire supply disruption forecasts tied to Iran attacks, 32 members greenlit 400 million emergency barrels Wednesday. Rollouts align with local contexts; extras promised by some. Total reserves: 1.2 billion public, 600 million commercial – sixth collective drawdown since ’74 (1991, 2005, 2011, 2022 x2).
Fatih Birol’s crisis conclave probed Hormuz impacts, where exports nosedived post-February 28 clashes.
Ohio crowd heard Trump minimize gas woes: ‘Increase smaller than feared,’ with a tease of vanishingly low future prices.
India cheers the IEA lifeline as global strategies coalesce against West Asia volatility. Trump’s profit-positive lens spotlights US leverage in turbulent times.