Trump Says Everyone Needs to ‘Keep Oil Prices Down’

‘Drill, baby, drill!” Trump said on social media.
Trump Says Everyone Needs to ‘Keep Oil Prices Down’
A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, on Feb. 18, 2025. Eli Hartman/Reuters
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President Donald Trump said on June 23 that he is “watching” global energy markets and urged everyone to “keep oil prices down.”

Despite concerns that the June 21 U.S. attacks on Iranian nuclear facilities could lead to a broader escalation in the Israel–Iran conflict, energy prices erased their overnight trading gains to kick off the trading week.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."