US President Donald Trump on Tuesday indicated that Washington was prepared to continue taking necessary measures to manage rising crude oil prices as global energy markets remain affected by the conflict involving Iran.
Speaking in response to ANI, Trump suggested that the United States could maintain policy decisions aimed at supporting oil supply stability, including waivers connected to sanctioned Russian oil exports. He also expressed confidence that inflation would fall further once the conflict comes to an end and oil shipments return to normal levels.
Trump's comments came as the United States continues balancing energy supply concerns, inflation pressures and geopolitical tensions linked to Iran and global oil routes.
Donald Trump said the United States is ready to take whatever steps are needed to control oil prices He connected future economic improvement directly to the end of the ongoing conflict, saying oil prices would decline once conditions stabilise. Trump also predicted further gains for the stock market, which he described as already performing at record levels.
According to Trump, the return of blocked oil shipments would significantly increase supply in global markets. He referred to hundreds of ships carrying oil that were waiting to resume movement once the situation improves.
Trump's comments came as the United States continues balancing energy supply concerns, inflation pressures and geopolitical tensions linked to Iran and global oil routes.
Trump signals more steps to stabilise oil prices
During his remarks, Trump said the United States would continue doing "whatever is necessary" to control oil prices and prevent further disruptions to energy supply. Donald Trump said the United States is ready to take whatever steps are needed to control oil prices He connected future economic improvement directly to the end of the ongoing conflict, saying oil prices would decline once conditions stabilise. Trump also predicted further gains for the stock market, which he described as already performing at record levels. According to Trump, the return of blocked oil shipments would significantly increase supply in global markets. He referred to hundreds of ships carrying oil that were waiting to resume movement once the situation improves.
Trump said that once those shipments begin moving again, there would be a major increase in oil availability, which he believes would help lower inflation in the United States.
Russian oil waiver and emergency energy measures explained
The United States had relaxed sanctions on Russian oil in mid-March after supply disruptions followed the closure of the Strait of Hormuz. The waiver was originally set to expire on April 11 but was later extended until May 16.Alongside that decision, Trump has authorised the use of America's Strategic Petroleum Reserve in an effort to support supply levels. His administration has also encouraged increased domestic oil production.
US President Donald Trump on Tuesday indicated that Washington was prepared to continue taking necessary measures In addition, sanctions on oil exports from Iran and Venezuela were temporarily eased as part of broader efforts to reduce pressure on global energy markets. Trump's comments indicated that these measures remain part of Washington's wider approach to stabilising supply and controlling fuel prices during the ongoing geopolitical crisis.
Trump predicts inflation will fall further
While discussing the US economy, Trump said the country was moving into what he called a "Golden Age." He argued that inflation was already lower compared to levels seen during former President Joe Biden's administration.Trump claimed inflation under Biden had reached the highest level in US history. He added that current inflation levels were significantly lower in comparison and described the present rise in prices as temporary.
Referring to economic conditions before the conflict began, Trump said inflation had reached 1.7 percent during the previous three months. He predicted that inflation could fall to around 1.5 percent once the war ends and oil shipments move freely again.
Trump repeatedly linked inflation trends to energy supply, arguing that the expected increase in oil availability would ease pressure on prices across the economy.
Trump repeats position on Iran's nuclear programme
Before departing for China, Trump also addressed reporters about Iran and its nuclear programme.He repeated his position that Iran would not be allowed to obtain a nuclear weapon under any circumstances. Trump stated that the message from the United States was clear and said Iran "cannot have a nuclear weapon."
Trump also predicted further gains for the stock market During the same remarks, Trump claimed that Iran's military capabilities had been heavily weakened. He said the country's navy, air force, anti-aircraft systems, radar systems and leadership structure had all been severely damaged or removed. Trump concluded by again stating that Iran would not possess a nuclear weapon.
The remarks reflected the administration's continued focus on linking energy policy, inflation management and geopolitical strategy as tensions involving Iran continue to affect global markets and oil supply routes.