President Donald Trump posted on Truth Social dismissing concerns about soaring oil prices, saying short-term increases are "a very small price to pay" and will "drop rapidly" once the Iran nuclear threat is destroyed. The remark signals a tolerance for near-term energy-price pain tied to geopolitical action and could keep risk premia in oil markets elevated, but it is rhetorical rather than a formal policy announcement.
President Donald Trump posted on Truth Social dismissing concerns about soaring oil prices, saying short-term increases are "a very small price to pay" and will "drop rapidly" once the Iran nuclear threat is destroyed. The remark signals a tolerance for near-term energy-price pain tied to geopolitical action and could keep risk premia in oil markets elevated, but it is rhetorical rather than a formal policy announcement.
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