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

Trump continues contradictory messaging on Iran; US will release 172m barrels of oil from strategic supplies. Key US politics stories from 11 March

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

“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.