ViewpointsOpinionWill Trump’s Actions Send Oil Prices Soaring?Rising tensions with US are a welcome diversion from a collapsing Iranian economy, mounting internal instabilitySavePrintPump 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 ArticlesThe AI Factor Behind Trump’s Power Play on China’s Oil SuppliersJan 23, 2026Greenland Turning Red?Jan 21, 2026Trump Kicking BRICS Out of the AmericasJan 15, 2026Beijing Rethinking Its Taiwan Unification Plans for 2027Jan 12, 2026Related TopicsMiddle EastIranIraqDonald Trumpstock marketoil pricesQassem Soleimani