ViewpointsOpinionWill Trump’s Actions Send Oil Prices Soaring?Rising tensions with US are a welcome diversion from a collapsing Iranian economy, mounting internal instability00CopyFacebookXTruthGettrLinkedInTelegramEmailSavePrintPump jacks are seen at dawn in an oil field over the Monterey Shale formation near Lost Hills, Calif., on March 24, 2014. David McNew/Getty ImagesJames Gorrie1/8/2020|Updated: 1/9/2020CommentaryWill President Donald Trump’s attack on a top Iranian leader send oil prices skyward?We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentJames GorrieAuthorJames Gorrie is the author of the 2013 book “The China Crisis” and discusses current events and China on his YouTube Podcast, The Banana Republican. Author’s Selected ArticlesJapan Accelerates Defense Spending to Counter China ThreatOct 29, 2025Former Chinese Official Threatens US With ‘Devastating Consequences’Oct 27, 2025China’s Shift to Debt Collector in Developing Countries—From Lender to Loan SharkOct 27, 2025China Envisions ‘Dry Canal’ to Compete With Panama CanalOct 20, 2025Related TopicsMiddle EastIranIraqDonald Trumpstock marketoil pricesQassem Soleimani