US benefits from high oil prices, but stopping Iran's 'evil empire' priority, says Trump
- Posted on March 12, 2026
- By Business News Today
- 5 Views
US benefits from high oil prices, but stopping Iran's 'evil empire' priority, says Trump
President Donald Trump stated stopping Iran from obtaining nuclear weapons is his top priority, more so than oil prices. The Middle East conflict is causing the largest oil supply disruption globally. The International Energy Agency approved releasing 400 million barrels from strategic reserves. Gulf countries have reduced oil production significantly, impacting world demand.