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Trump: High Oil Prices 'Win' for U.S.


Author: The Daily News Now! March 12, 2026 Duration: 1:43
Podcast episode
Trump: High Oil Prices 'Win' for U.S.
Irvine News Today | 2 Min News | The Daily News Now!

NewsDaily

President Trump embraces high oil prices, citing benefits for U.S. energy companies, as benchmarks surge and the Strait of Hormuz remains closed. Experts predict economic turmoil, while drivers face increased fuel costs. The administration plans a coordinated release from strategic reserves and considers waiving shipping rules, with Energy Secretary Wright emphasizing long-term gains from neutralizing Irans threats.

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