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Trump Says Keep Oil Prices Down As Market Reacts To Iran Strikes

Eriki Joan UgunushebyEriki Joan Ugunushe
June 24, 2025
in Government
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Federal Reserve Governor Lisa Cook Sues President Trump Over Firing
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US President Donald Trump has one demand: “Keep oil prices down.” He made this clear in a Monday morning post on Truth Social, minutes after Wall Street opened. This comes as global oil markets wobble, watching closely for Tehran’s response to the US airstrikes on Iran’s nuclear sites.

“EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING!” Trump warned, adding that high oil prices could “play right into the hands of the enemy.” His statement wasn’t just a request, it sounded more like a threat.

Table of Contents

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  • Trump Says Keep Oil Prices Down, Urges Drilling
  • Trump Says Keep Oil Prices Down As Prices Fluctuate
  • Trump Says Keep Oil Prices Down—But Can He?

Trump Says Keep Oil Prices Down, Urges Drilling

Trump didn’t stop there. In another post, he told the US Energy Department to “DRILL, BABY, DRILL!!! And I mean NOW!!!” It’s not the first time Trump has pushed for aggressive oil production, but the timing is telling. Iran is threatening retaliation after its nuclear facilities were hit by American bombers. One of Tehran’s most powerful cards is the Strait of Hormuz, a narrow waterway that carries a fifth of the world’s oil.

Trump Says Keep Oil Prices Down As Market Reacts To Iran Strikes

If Iran decides to block it, oil prices could skyrocket. Trump seems desperate to avoid that. His call to “keep oil prices down” is more than just economic advice, it’s political firepower. And it’s aimed squarely at both oil markets and global leaders.

Trump Says Keep Oil Prices Down As Prices Fluctuate

Oil prices jumped more than 4% when trading opened on Monday. Brent crude and WTI reached their highest levels since January. But the gains didn’t last. Prices dipped and then hovered at a 0.3% increase as Wall Street opened.

Experts say the market is still uncertain. Iran is angry, but no one knows what it will do next. If they close the Strait of Hormuz, it won’t just hit oil—it could trigger a global inflation crisis. For now, markets seem to believe that won’t happen. But that could change overnight.

Trump Says Keep Oil Prices Down—But Can He?

So, Trump says keep oil prices down, but oil doesn’t follow commands. The global market listens to action, not Truth Social posts. Iran is weighing its next move. If that move involves Hormuz, no tweet will stop prices from rising.

Still, Trump has made his position clear. He doesn’t want expensive oil, inflation, or panic. But shouting at the market won’t stop it from spinning, especially when war is knocking on the door.

Tags: federal characterForeign NewsgovernmentIran StrikesmarketNewsOil pricestrump
Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

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