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NewsEconomyTrump Discovers Oil Isn’t Free; Iran’s Price Reminder Ignored by Fantasy Economists

Trump Discovers Oil Isn’t Free; Iran’s Price Reminder Ignored by Fantasy Economists

Trump Discovers Oil Isn’t Free; Iran’s Price Reminder Ignored by Fantasy Economists

President Trump, never one to shy away from using social media as his personal megaphone, is now wading into the deep waters of oil price manipulation. His caps-locked demand for the U.S. to “KEEP OIL PRICES DOWN” is less a nuanced economic strategy and more a desperate attempt to shield his approval ratings from the inevitable fallout of rising gas prices. Meanwhile, the real world—unlike a tweet—doesn’t bend so easily to all-caps commands.

In a classic case of cause and effect, Trump’s recent military antics with Iran have predictably nudged oil and gas prices upwards, threatening to pinch the wallets of American consumers already grappling with financial pressures. It’s almost as if launching bombers to disable Iranian nuclear sites might have some repercussions. Who knew? Apparently not the President, who now finds himself in the unenviable position of trying to stabilize a market that he helped to destabilize.

Global oil markets, however, seem to have shrugged off the latest U.S.-Iranian spat, with prices initially rising over the weekend but then cooling as Iran’s missile strikes against American bases failed to escalate tensions further. Yet the situation remains as stable as a house of cards in a hurricane. Iran could still play its trump card by blocking the Strait of Hormuz, through which a significant chunk of the world’s oil and liquefied natural gas flows. Such a move would send global energy prices into a tailspin, but hey, why worry about that when you’ve got tweets to send?

As the summer heats up, so too might energy costs, especially with Trump poised to reimpose his beloved tariffs on nearly every U.S. trading partner. Because, of course, what American consumers really need right now is a fresh round of price hikes on imported goods. The April suspension of these sky-high duties was a brief reprieve from the chaos, but rest assured, Trump is committed to his tariff crusade, legality and market stability be damned.

The President’s tariffs have always been a classic case of shooting oneself in the foot, with companies expected to pass these added costs onto consumers. But who cares about the price of goods when there’s an entire global trade system to upend? It’s all part of Trump’s grand strategy to reshape global commerce, one blunder at a time.

As the world waits with bated breath for the next tweet, the economic landscape remains as volatile as ever. The only thing certain in this sea of uncertainty is that the consequences of these political maneuvers will ripple far beyond the next news cycle.

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