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
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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.”
