President Donald Trump Praises Oil Price Hikes As Brent Hits $100

Brent crude briefly hit $100 per barrel on Thursday, a spike that coincided with President Donald Trump posting on Truth Social that “when oil prices go up, we make a lot of money.”

“Topline Brent crude oil prices hit $100 per barrel again on Thursday morning shortly after President Donald Trump insisted the U”

Forbes

Forbes reported the price briefly reached $100 around 9:23 a.m. EDT before dipping and then rising back above $100 an hour later, and noted Trump’s post also stressed U.S. energy strength while expressing concern about preventing “an evil Empire, Iran, from having Nuclear Weapons.”

Forbes

Public polling shows Americans worry about higher prices, with a Reuters/Ipsos survey cited by The Hill finding 67 percent of respondents anticipate gas prices will rise over the next year.

Trump framed higher oil prices within a geopolitical argument, saying the U.S. is the world’s largest oil producer and linking price moves to his priority of stopping Iran from acquiring nuclear weapons.

Forbes noted the U.S. Energy Information Agency ranks the United States as the top producer while also the largest consumer, and quoted Trump’s Truth Social post where he emphasized making “a lot of money” when prices rise.

The Hill

At the same time, Iran’s new supreme leader Mojtaba Khamenei vowed to continue using the “lever of blocking the Strait of Hormuz” and threatened to open “new fronts,” remarks Forbes compiled from Iranian state-affiliated media and Reuters.

The Hill reported U.S. Energy Secretary Chris Wright said the U.S. is “defanging Iran’s abilities to threaten American troops,” and warned Americans would feel “short-term pain” from energy costs as part of a longer strategy.

Higher crude translated quickly into consumer pain: Forbes reported average U.S. gas prices rose to about $3.59 per gallon as oil climbed, and The Hill cited polling showing broad public concern about price rises.

“Topline Brent crude oil prices hit $100 per barrel again on Thursday morning shortly after President Donald Trump insisted the U”

Forbes

The Reuters/Ipsos survey in The Hill found two-thirds of Americans expect gas prices to rise over the next year, and Energy Secretary Wright acknowledged on CNN that Americans would likely face “short-term pain” from higher energy costs as the administration pursues measures it says will stabilize markets and blunt Iran’s ability to threaten energy routes.

Markets and policymakers responded to both the price moves and the broader regional tensions: Forbes documented the intraday volatility around the $100 mark and highlighted competing narratives from Trump and Iran’s new leader,

while The Hill quoted administration officials framing military and diplomatic actions as necessary to protect U.S. forces, allies and global energy markets.

The Hill

Together the pieces show a mix of market sensitivity to geopolitical signals and a U.S. administration willing to accept near-term economic pain as the cost of broader security objectives, even as public concern about fuel costs rises.