‘Small Price to Pay,’ Trump Says as Oil Shoots Past $100

Gas prices have risen by more than 16 percent from a week back.

Iranian crude oil tanker Sevda sails near Bandare Asaluyah, Iran, on Jan. 27, 2026. Sam/Middle East Images/AFP via Getty Images

The recent jump in oil prices due to the Iran war is “a very small price to pay for U.S.A., and World, Safety and Peace,” President Donald Trump said in a March 8 post on Truth Social amid oil prices shooting past the $100 per barrel level.

“Only fools would think differently!” Trump said. The short-term rise in oil prices “will drop rapidly when the destruction of the Iran nuclear threat is over.”