Trump spins the surging oil prices as a win for the US as prices jumped back above $100 a barrel before dropping to $98 a barrel

“I don’t know how anybody can be surprised. When you have a major conflict in the Middle East, prices always go up,” Sen. John Kennedy (R-La.) said.

Last week, oil surged past the $100-a-barrel milestone, after recording its largest one-week spike since March 1983

Trump spins the surging oil prices as a win for the US as prices jumped back above $100 a barrel before dropping to $98 a barrel

The US president says higher oil prices benefit the country as Iran war pushes petrol costs above $100 per barrel

Oil and gas prices have spiked with the war in Iran.

Trump claims US makes ‘a lot of money’ when oil prices go up, but rising costs could become political liability – key US politics stories from 12 March

WTI crude saw its biggest weekly gain since the 1980s last week.

“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” Trump said Thursday on his social media site.