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Trump says US makes a 'lot of profit' from rising oil prices, vows to stop Iran from getting nuclear weapons

Trump linked the ongoing tensions with Iran to global energy markets while reiterating his long-standing position against Tehran’s nuclear ambitions.
March 12, 2026 / 19:12 IST
US President Donald Trump makes a fist after he steps off Air Force One upon arrival at Palm Beach International Airport in West Palm Beach, Florida on February 27, 2026. (Photo by Mandel NGAN / AFP)
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Donald Trump said the US benefits financially from rising oil prices but emphasized stopping Iran from acquiring nuclear weapons is his top priority amid escalating tensions and volatile energy markets in the Middle East.

US President Donald Trump on Thursday said the United States benefits financially when global oil prices rise but stressed that preventing Iran from acquiring nuclear weapons remains his administration’s top priority.

In a post on his social media platform Truth Social, Trump linked the ongoing tensions with Iran to global energy markets while reiterating his long-standing position against Tehran’s nuclear ambitions.

“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” Trump wrote.

The remarks come at a time when global oil prices have shown sharp volatility following the escalation of the conflict involving the United States, Israel and Iran in West Asia. Concerns over supply disruptions, particularly around the Strait of Hormuz, have pushed energy markets into uncertainty.

The price of Brent crude oil, the international standard, spiked back over USD 100 as Iranian strikes hit ships in the region's waters and the ongoing American-Israeli war with Iran showed no signs of slowing.

However, Trump said that the financial gains from higher oil prices are not his primary concern as president.

“BUT, of far greater interest and importance to me, as President, is stoping an evil Empire, Iran, from having Nuclear Weapons, and destroying the Middle East and, indeed, the World,” Trump said in the post.

The US president has repeatedly framed the current military campaign as part of a broader effort to prevent Iran from developing nuclear weapons and expanding its regional influence.

Tensions between Washington and Tehran escalated after the United States launched strikes targeting Iranian military infrastructure, triggering retaliatory missile and drone attacks across the Middle East.

Trump ended his post with a firm warning about his administration’s position on Iran’s nuclear ambitions.

“I won’t ever let that happen! Thank you for your attention to this matter,” he wrote, signing off the message as “President DONALD J. TRUMP.”

The statement reflects Trump’s continued hardline stance toward Iran even as the conflict raises concerns about wider regional instability and global economic fallout.

The war has already had ripple effects on global energy markets, shipping routes and geopolitical alliances across the Middle East. Oil traders and analysts have been closely monitoring developments in the region, particularly any threats to energy infrastructure or shipping lanes that could further disrupt supply.

While the United States remains one of the world’s largest oil producers, global price increases still have significant implications for international markets and domestic fuel costs.

Moneycontrol World Desk
first published: Mar 12, 2026 06:54 pm

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