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Trump Warns Against Rising Oil Prices Following Iran Attack (2)

June 23, 2025, 3:56 PM UTC
Jennifer A. Dlouhy
Jennifer A. Dlouhy
Bloomberg News
Tyler Kendall
Tyler Kendall
Skylar Woodhouse
Skylar Woodhouse

President Donald Trump demanded that energy producers push down crude prices following US military strikes on Iran, amid fears that an escalating Middle East conflict and supply disruptions could extend the recent surge on oil markets.

“EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!” Trump posted Monday on social media.

In a subsequent post, Trump urged the Energy Department to “DRILL, BABY, DRILL!!! And I mean NOW!!!”

Energy Secretary Chris Wright responded in a post on X that “we’re on it.”

WATCH: Oil analysts are weighing increased geopolitical risk against previous fears that strong production and a lukewarm global economy could result in a supply glut. Bloomberg’s Stephen Stapczynski reports. Source: Bloomberg

Iran has warned that ...

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