Trump Calls $100 Oil 'Small Price' As US and Israel Attack Iran's Nuclear Infrastructure

Global energy markets have surged as crude oil passed the $100-per-barrel threshold amid geopolitical disruptions.

“Global energy markets are in a state of high-velocity upheaval as crude oil prices surged past the$100-a-barrelthreshold for the first time in years”

South Florida Reporter

Brent crude jumped to $108.10, a 16% increase over the previous week, and U.S. WTI topped $109, marking a 20% rise, as of March 8, 2026.

South Florida Reporter

A report described the market move as a “high-velocity upheaval.”

Reporters linked the price spike directly to an intensifying U.S. and Israeli military campaign targeting Iranian nuclear and military infrastructure.

The piece said the surge “comes on the heels of an intensifying military campaign led by the United States and Israel.”

South Florida Reporter

It attributed the escalation to a near-total blockade of the Strait of Hormuz.

The report warned of broader economic fallout, with economists raising alarms about a looming global recession.

“Global energy markets are in a state of high-velocity upheaval as crude oil prices surged past the$100-a-barrelthreshold for the first time in years”

South Florida Reporter

Major financial firms including Goldman Sachs and Morgan Stanley cautioned that persistent disruption through March could push oil toward $150 a barrel.

The note said such a level would exceed historic peaks in 2008 and 2022.

President Donald Trump framed the spike as an acceptable and temporary cost of broader security operations.

On Truth Social he wrote: “Short term oil prices… is a very small price to pay for U.S.A., and World, Safety and Peace.”

South Florida Reporter

He argued the volatility was a byproduct of eliminating the “Iran nuclear threat” and said prices would “drop rapidly” once the mission is complete.

The article stressed the domestic and global stakes and noted analysts’ warnings of deeper economic pain if the blockade and campaign continue.

“Global energy markets are in a state of high-velocity upheaval as crude oil prices surged past the$100-a-barrelthreshold for the first time in years”

South Florida Reporter

It said the administration’s messaging insists short-term consumer pain is acceptable for long-term security gains.

South Florida Reporter

The piece highlighted tension between that political stance and the immediate reality of higher pump prices for consumers.