The president of United States, Donald Trumpdismissed on Sunday the increase in oil prices related to war as a “small price to pay” for eliminating the “threat” of the nuclear program Iran.
“The short-term rise in oil prices, which will fall rapidly when the destruction of Iran’s nuclear threat ends, is a very small price to pay for the security and peace of the United States and the world. ONLY FOOLS WOULD THINK OTHERWISE!” he wrote on his platform Truth Social.
You may also be interested in: Oil price shoots up to $107 per barrel
He barrel of WTI oilthe American market benchmark, exceeded $100 on Sunday, a price that had not been seen since July 2022driven by the war in Middle East.
Oil price experienced strong rebound
This Sunday, the price of oil experienced a strong rebound since the early hours of the day.
After three and a half years he overcame the psychological barrier of 100 dollars per barrel, driven by the escalation of the conflict in the Middle East that directly affects production and maritime transit in the region.
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According to data from international markets at the close of the session and opening of the weekend, the North Sea Brent was quoted in the 107 dollars per barrelwith increases in recent days of 15% and 16% compared to the previous Friday (when it closed around $92.69).
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