In the midst of the escalating U.S.-Israel war with Iran entering its second week on March 9-10, 2026, President Donald Trump defended surging global oil prices—briefly spiking to nearly $120 per barrel amid disruptions in the Strait of Hormuz and attacks on energy infrastructure—calling them a “very small price to pay” for eliminating Iran’s nuclear threat and achieving long-term “safety and peace” for the United States and the world.
