US President Donald Trump
President Donald Trump on Monday demanded that “everyone” keep oil prices down or they would play “into the hands of the enemy,” as the conflict in the Middle East escalates following US strikes on Iran.
“EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!,” the president said in a post on his social media platform Truth Social.
It wasn’t clear who specifically Trump was speaking to in his post, though he was likely addressing the US oil industry. However, the remarks come amid concerns that Iran could close the Strait of Hormuz, through which a fifth of the world's oil supply passes.
The Iranian parliament has agreed in principle to close the strait, in response to the US attack on three nuclear facilities last weekend.
In a post a few minutes later, Trump told the Department of Energy that it must immediately accelerate drilling.
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