KEEP IT DOWN! Trump Tells Everyone to Keep Oil Prices Down After Iran Attacks

Trump followed up with another post addressed to the U.S. Department of Energy, encouraging it to “drill, baby, drill” and saying, “I mean now.”


Get the Latest US Focused Energy News Delivered to You! It’s FREE:


U.S. Energy Secretary Chris Wright responded, “We’re on it!” in a post on X.

It was not immediately clear what the energy department could do to boost oil and gas drilling, which hit record highs during the previous administration of former President Joe Biden and which Trump wants to take even higher. The Energy Department did not immediately respond to a question on Wright’s comment.

Global benchmark Brent oil prices oscillated on Monday, touching a five-month high before falling more than 1% to $76.10 a barrel as oil and gas transit continued on tankers from the Middle East after U.S. air strikes against Iran over the weekend.

The United States could tap the Strategic Petroleum Reserve, the world’s largest emergency crude oil stash, in the case of severe interruptions. But the Trump administration has criticized Biden’s use of the SPR after Russia invaded Ukraine in 2022.

(Reporting by Katharine Jackson, Timothy Gardner and Ryan Patrick Jones, editing by Deepa Babington)

Share This:

Next Article

 


More News Articles

 

  • Related Posts

    US and Iran Agree to Deal Halting War That Shook Middle East

    President Donald TrumpPhotographer: Shawn Thew/EPA/Bloomberg The US and Iran said they reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people and…

    Oil Slips Over 4% After US, Iran Reach Peace Deal to Reopen Strait of Hormuz – Deal to be Signed Next Friday

    SINGAPORE, June 15 (Reuters) – Oil prices ​slipped in early trading on Monday ‌after U.S. President Donald ​Trump and ​Iran’s deputy foreign minister ⁠said ​they have reached ​a deal to…

    Have You Seen?

    Northern Endurance Partnership ‘can safely store CO2’

    • June 15, 2026
    Northern Endurance Partnership ‘can safely store CO2’

    U.S. Military Helping Move 7 Million Bpd Out of Persian Gulf, Wright Says

    • June 15, 2026
    U.S. Military Helping Move 7 Million Bpd Out of Persian Gulf, Wright Says

    UK Sets January 2027 Deadline for Ban on Fuel Made From Russian Crude

    • June 15, 2026
    UK Sets January 2027 Deadline for Ban on Fuel Made From Russian Crude

    Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz

    • June 15, 2026
    Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz

    Hormuz to Reopen as Iran, US Agree to Pause War

    • June 15, 2026
    Hormuz to Reopen as Iran, US Agree to Pause War

    Shipping concerns shroud US–Iran framework deal

    • June 15, 2026
    Shipping concerns shroud US–Iran framework deal

    Vema eyes subsurface hydrogen production alongside Newfoundland mining project

    • June 15, 2026
    Vema eyes subsurface hydrogen production alongside Newfoundland mining project

    Video | Why traditional oxygen supply models don’t always work in LMICs

    • June 15, 2026
    Video | Why traditional oxygen supply models don’t always work in LMICs

    Energie Steiermark takes FID on 5MW green hydrogen plant in Austria

    • June 15, 2026
    Energie Steiermark takes FID on 5MW green hydrogen plant in Austria

    Why Acwa says relaxing hydrogen rules won’t solve Europe’s supply challenge

    • June 15, 2026
    Why Acwa says relaxing hydrogen rules won’t solve Europe’s supply challenge