Trump assures Americans over surging oil prices but offers no details

WASHINGTON, United States (MNTV) – U.S. President Donald Trump said he has a plan to address skyrocketing oil prices triggered by the U.S.-Israeli war with Iran, but declined to provide specifics.

Brent crude briefly hit $119 per barrel — the highest since the early days of the Russia-Ukraine war in 2022 — before easing to around $100, as disruption in the Strait of Hormuz continues to rattle global markets.

“I have a plan for everything. You’ll be very happy,” Trump told the New York Post on the tenth day of the military campaign, without elaborating. When questioned about rising gasoline costs for American consumers, he minimized the concern.

“I don’t have any concern about it,” he said, predicting prices “will drop very rapidly when this is over” and adding: “If they rise, they rise, but this is far more important than having gasoline prices go up a little bit.”

The price surge stems primarily from disruption to shipping through the Strait of Hormuz, the critical chokepoint through which approximately 20 million barrels of oil normally transit daily.

Trump previously declined to rule out seizing Iranian oil to ease supply concerns, telling NBC News that “certainly people have talked about it” but that it was premature to discuss.

The vague comments come amid broader criticism that the president has failed to clearly articulate to the public or lawmakers his rationale and objectives for launching the war.

With no end to hostilities in sight and global economic repercussions mounting, pressure is building on the administration to provide greater clarity on both its military strategy and its response to the economic fallout.