Your browser is: WebKit 537.36. This browser is out of date so some features on this site might break. Try a different browser or update this browser. Learn more.✕

Trump Warns Against Rising Oil Prices Following Iran Attack

Oil storage tanks in Sealy, Texas. — Oil storage tanks in Sealy, Texas.
Photographer: Brandon Bell/Getty Images

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Jennifer A Dlouhy, Tyler Kendall, and Skylar Woodhouse

June 23, 2025 at 2:00 PM UTC

Updated on

June 23, 2025 at 3:56 PM UTC

Takeaways by Bloomberg AI

President Donald Trump demanded that energy producers push down crude prices following US military strikes on Iran, amid fears that an escalating Middle East conflict and supply disruptions could extend the recent surge on oil markets.

“EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!” Trump posted Monday on social media.

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE