WASHINGTON: US President Donald Trump on Sunday dismissed the war-related spike in oil prices as a “small price to pay” for removing the threat of Iran’s nuclear program. “Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for USA, and World, Safety and Peace. ONLY FOOLS WOULD THINK DIFFERENTLY!” he wrote on his Truth Social platform. Oil prices have eclipsed $100 per barrel for the first time in more than three and a half years as the Iran war hinders production and shipping in the Middle East.

WASHINGTON: US President Donald Trump on Sunday dismissed the war-related spike in oil prices as a “small price to pay” for removing the threat of Iran’s nuclear program. “Short…

US Secretary of Energy Chris Wright argued that disruptions would be short-lived. 'Worst case, that's a few weeks. That's not months,' the US energy secretary told CNN. Oil and…