Economy
Illustrative photo: Hand holding a fuel nozzle filling a car's tank at a gas station. Photo by Ali Mkumbwa on Unsplash
Trump says US is profiting from high oil prices, vows to bring them back to pre-war levels
US President Donald Trump said on Wednesday that the United States is making a fortune from higher oil prices, responding to criticism of his war on Iran. At a campaign rally in Arizona, he reaffirmed his pledge to bring prices back to pre-war levels.
Why it matters
Oil prices directly affect the revenues of Gulf exporters and fuel costs for consumers across the region. Trump's remarks show that prices have become a central point in the US political debate over the war.
This is a brief summary. The full details and context are in the original coverage.
Read the full story at CNN بالعربيةFollow the story
- Trump predicts near victory in war with Iran, rules out nuclear arms for Tehran
- Trump expects more Iran talks this week amid strike threat
- Trump says US held mediator talks to end war with Iran, vows swift victory
- Trump may resume military strikes on Iran as talks stall
- Iran receives US response to its proposal to end war and reopen Hormuz
- Tehran reviews US response to its proposal as Washington maintains pressure
- Iran's parliament speaker says US sent proposals via mediator as delegation row escalates
- Vance says Iran must sharply cut enrichment to end war
- Trump rules out striking Iran before midterms, calls talks with Tehran productive
- Trump calls US-Iran talks productive, rules out attack before midterms
- Pentagon prepares options for three-day strike campaign on Iran, NYT reports
- Iran says message exchange with US continues via mediators as economic pressure mounts
- Trump says US is profiting from high oil prices, vows to bring them back to pre-war levels
- Trump says he wants Russia to stop aiding Iran in war with US
- Trump accuses Iran of staging Hormuz attacks to push up oil prices before midterms
- Two oil tankers explode south of Hormuz as Trump hints at new operation against Iran
- Iran rejects tying Hormuz reopening to end of blockade, Tasnim reports
- Vance sends message to Iranian security chief to revive US-Iran talks
- Trump responds to Vance's message to Iran amid Hormuz tensions
In this story:United StatesIran
This summary was prepared with the help of AI based on the source's reporting and may contain errors. Spotted a mistake? Let us know
