US President Donald Trump, in a post on his social media platform Truth Social, allegedly stated that rising global oil prices bring significant financial benefit to the United States. He purportedly claimed that as the world's largest oil producer, the US earns a lot of money when prices increase.

This statement comes amid escalating conflict in the Middle East. On February 28, the US and Israeli regimes began striking targets on Iranian territory, including in Tehran. In response, Iran has been attacking Israeli territory and US military assets in the region.

Against the backdrop of this escalation, shipping through the Strait of Hormuz—a key route for oil and liquefied natural gas supplies to the global market from Persian Gulf countries—has nearly halted. This situation has caused severe market tension, leading to a sharp spike in oil prices.

According to data, Brent crude oil has risen by nearly 35% since the beginning of the month. As of 16:33 Moscow time, May futures for Brent increased by 7.61% to $98.98 per barrel, while April futures for WTI rose by 7.72% to $93.99 per barrel. This surge highlights the growing instability in global energy markets due to regional conflict, raising concerns about broader economic impacts.

Source: kun.uz