Iran War: Trump is using the wrong oil price when declaring victory
- Posted on March 20, 2026
- By Business News Today
- 8 Views
Iran War: Trump is using the wrong oil price when declaring victory
While President Trump focuses on West Texas Intermediate crude oil prices staying below $100 a barrel as a win against Iran, the cost of refined fuels like gasoline and diesel has surged significantly. This rise in everyday fuel prices, driven by increased refining margins, poses a greater threat to the American economy than WTI's benchmark price.