Trump’s Effect On Oil Prices
Energy prices are climbing once again—and this time, the spike comes after President Donald Trump authorized a powerful strike targeting Iran’s nuclear infrastructure.
On Monday morning, the price of U.S. benchmark West Texas Intermediate (WTI) crude oil hovered around $74 per barrel, a sharp jump from recent lows. Late last week, prices surged to $77 per barrel, reflecting growing instability in the Middle East and renewed tensions between Iran, Israel, and the United States.
Gas Prices Climbing at the Pump
Across the country, American drivers are already seeing the effects. According to the American Automobile Association (AAA), the national average for gasoline now stands at $3.22 per gallon—up from $3.14 just one week ago, and slightly above last month’s average.
Though today’s prices remain lower than the $80 per barrel seen earlier this year—or the record-breaking $120 per barrel during the 2022 energy crisis—analysts warn that continued geopolitical pressure could push prices even higher.
Iran Threatens Key Oil Shipping Route
Iran, which remains under heavy U.S. sanctions, still plays a significant role in the global energy market. Over the weekend, Iranian state media reported that the regime is considering shutting down the Strait of Hormuz—a narrow but vital corridor through which nearly one-fifth of the world’s oil supply passes daily.
Any disruption to that route would have a massive impact on global oil prices, potentially leading to another round of fuel inflation for American families and small businesses.
President Trump’s Bold Leadership in Focus
President Trump’s decisive response to growing nuclear threats from Iran has received praise from national security experts—but with rising oil prices, many Americans are asking what comes next. The administration remains committed to defending national interests while keeping energy flowing and American wallets protected.
Prepare for Higher Costs — and Possible Supply Shocks
With the summer travel season underway and international tensions flaring, energy analysts urge Americans—especially retirees and fixed-income households—to monitor fuel prices closely and plan accordingly.
