President Donald Trump has called on domestic and international oil producers to avoid price hikes following joint U.S.-Israeli military strikes on Iran’s nuclear facilities. The precision attacks, targeting Natanz, Isfahan, and the heavily protected Fordow site, have intensified tensions in the Gulf and rattled energy markets.
In a post on Truth Social, Trump issued a stark warning: “EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!” He followed with a call to boost production, declaring: “DRILL, BABY, DRILL!!! And I mean NOW!!!” His message emphasized the link between energy security and national defense as the Middle East crisis deepens.
Market Reactions Mixed as Traders Watch Iran’s Next Move
Following the airstrikes, Brent crude jumped over 4% in early trading on Monday, briefly surpassing $81 per barrel. It later settled around $76.90, as investors weighed the likelihood of further escalation. West Texas Intermediate (WTI) also rose initially, then stabilized near $73.07.
Despite Trump’s public push, major oil producers in the U.S. have yet to respond with increased output. Analysts note that while the White House may influence public perception, most companies remain focused on capital discipline and investor returns. “Shale operators are not going to react to tweets,” said a CSIS energy analyst. “They respond to pricing signals and long-term investment strategy.”
A recent Financial Times report indicates that U.S. oil production is expected to peak this year before gradually declining. Companies are tightening spending, citing high drilling costs and shifting capital priorities.
Crude Volatility Looms Amid Hormuz Risk
Concerns persist over potential Iranian retaliation, especially threats to disrupt traffic through the Strait of Hormuz. This narrow waterway handles roughly 20% of global oil flows. Any disruption could push crude prices sharply higher.
Goldman Sachs has warned that if Tehran blocks or targets shipping routes, Brent could spike above $100 per barrel. For now, however, shipping activity in the strait remains steady.
As the world watches for Iran’s next step, Energy Secretary Chris Wright offered only a brief comment when pressed about contingency plans: “We’re on it.”
With geopolitical tensions rising and oil prices fluctuating, global markets now face a tense waiting period. Whether energy producers heed Trump’s call or allow the market to dictate pricing remains to be seen.
