{"id":"f-e550251d2f-c722db70-3393-54b5-9daa-a50927560c70","title":"Oil above $100: Donald Trump says 'small price to pay for defeating Iran'","description":"Trump Administration officials have made multiple announcements with regards to ensuring the safe passage of oil tankers through the contentious Strait of Hormuz, but no concrete steps have been taken just yet.","timestamp":1773031264,"category":"international","headline":"Oil above $100: Donald Trump says 'small price to pay for defeating Iran'","modifiedHeadline":"Trump: $100 Oil a Small Price to Defeat Iran","subCategories":["scid_afe28127"],"subcategoriesName":["International Political News"],"region":"IN","bundleMetaData":{"bundleId":"1bfabe6b-695a-4fbe-92e1-db426e6ba232","bundleTitle":"Tracking Trump","cardData":null},"iabCategoryId":"389","fcSummary":"donald trump stated rising oil prices are a minor cost for ensuring global safety and peace through defeating the iran nuclear threat. crude oil prices have surged, nearing $110 per barrel, impacting financial markets and causing dow futures to drop. gulf nations are reducing production amid concerns and storage limitations due to the ongoing conflict.","summary":"Trump says rising oil prices, nearing $110/barrel, are a \"small price\" for defeating Iran & ensuring global safety. Markets react negatively.","ctaUrl":"https://trends.glance.com/newz/Economy/IN/en/cnbc-tv18/f-e550251d2f-c722db70-3393-54b5-9daa-a50927560c70","sourceUrl":"https://www.cnbctv18.com/market/commodities/crude-oil-above-100-per-barrel-donald-trump-says-small-price-to-pay-for-defeating-iran-19864348.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/EgzXmGssTSc0.webp","content":"US President Donald Trump took to Truth Social on Sunday evening US time and said that the rise in oil prices is a \"very small price to pay\" for defeating Iran and to ensure world peace.\n\n
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\n \"Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace. ONLY FOOLS WOULD THINK DIFFERENTLY! President DJT,\" Trump posted on his social media account.\n
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Crude oil prices are now nearing the $110 per barrel mark\n after a 20% surge in early trading after the weekend break. Both Brent and US Crude variants are trading above the mark of $100 and nearly at the same price of close to $110 per barrel.\n
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\n Trump Administration officials have made multiple announcements with regards to ensuring the safe passage of oil tankers through the contentious Strait of Hormuz, but no concrete steps have been taken just yet.\n\n
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\n The rise in oil prices have roiled financial markets globally, with the Dow futures tanking as much as 950 points in early trading on Sunday. Gulf nations, including Iraq, the UAE and Qatar have cut back on production due to the ongoing concerns and as they continue to run out of barrels for storage of the produced crude, as tankers are stuck at the Persian Gulf due to the ongoing war.","readDurationInMinutes":"2","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["Trump says oil price rise is a small cost for peace, via Truth Social.","Crude oil nears $110/barrel, a 20% surge impacting global markets.","Gulf nations cut production amid tanker concerns; Dow futures tank."],"tags":["DonaldTrump","OilPrices","IranNuclearThreat","TruthSocial","StraitOfHormuz","CrudeOil","BrentCrude","USCrude","FinancialMarkets","DowFutures","GulfNations","Iraq","UAE","Qatar","PersianGulf","WorldPeace","USASafety"],"redirectionEnabled":false,"consent":true}

Oil above $100: Donald Trump says 'small price to pay for defeating Iran'

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