Trump Warns Against Rising Oil Prices Following Iran Attack
June 23, 2025
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3:48Now PlayingTrump Warns Against Rising Oil Prices Following Iran Attack
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as posted by the channelPaul Sankey, Lead Analyst at Sankey Research, discusses the path for oil following the escalation of conflict between Israel and Iran.
President Donald Trump demanded that energy producers keep down oil prices following US military strikes on Iran, which drove prices higher amid fears the attack could provoke a wider conflict in the Middle East.
“EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!” Trump posted Monday on social media.
In a subsequent post, Trump urged the Energy Department to “DRILL, BABY, DRILL!!! And I mean NOW!!!”
Energy Secretary Chris Wright responded in a post on X that “we’re on it.”
Iran has warned that Trump’s decision to join Israel’s military offensive with attacks on its three main nuclear sites would trigger retaliation. Tehran could close the Strait of Hormuz, a waterway at the mouth of the Persian Gulf that carries about a quarter of the world’s seaborne oil trade.
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