(Trump and Russ Vought wanted to make the economy scream so here we go. Cover your ears. This one is gonna get loud.)
from PressTV
Crude oil prices have soared past $100 a barrel amid a large-scale and unprovoked US-Israeli war on Iran.
The international benchmark of Brent crude jumped more than 20 percent on Sunday, and at one point hit $115 as concerns increased over prolonged disruptions to global energy supplies.
The benchmark was being traded at around $107.50 as of 0230 GMT on Monday following a slight moderation. The uptick marked the first time oil prices climbed over $100 per barrel since the onset of Russia's operations in Ukraine in 2022.
US President Donald Trump, who campaigned heavily on cost-of-living concerns in the 2024 vote, sought to downplay the rise in prices.
"Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for the USA, and World, Safety and Peace," Trump asserted in a post on Truth Social.
US Secretary of Energy Chris Wright also tried to brush off the prospect of soaring energy prices earlier on Sunday.
He told CBS News' Face the Nation program that any increase in prices at the petrol pump would be "temporary."Crude oil prices have spiked by about 50 percent since the US and Israel launched joint strikes on Iran on February 28...
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