Trump promises action, says he has 'a plan' for oil spike
WASHINGTON, DC: President Trump told The Post on Monday, March 9, that he has "a plan" to address the surging oil prices triggered by the ongoing war with Iran.
The statement comes as the cost per barrel briefly spiked to $119.50, nearly 65% higher than pre-war levels, before settling above $100 on the tenth day of the joint US-Israeli military campaign.
"I have a plan for everything, okay?" Trump said during a brief phone interview, reassuring the public that they would be "very happy" with the outcome.
While the President did not offer specific details, analysts suggest his options include the strategic release of oil from national reserves to mitigate the global price shock.
Global markets face significant upward pressure
The conflict has placed immense strain on global transportation costs, with Brent crude futures jumping from $72.48 on February 27 to the current triple-digit highs.
As a major oil producer, Iran’s shipment capabilities have come to a near-halt, further tightening international supply during the offensive.
Adding to the volatility, shipments from other oil-rich Persian Gulf nations, including Saudi Arabia and the United Arab Emirates, are being severely disrupted.
These exports must traverse the Strait of Hormuz, which directly abuts the active war zone, leading to heightened security risks and logistical bottlenecks for global energy markets.
Trump brushes off domestic transport concerns
Beyond the energy crisis, the President also addressed domestic transport issues involving massive wait times at US airport security checkpoints.
These delays stem from a lapse in Department of Homeland Security funding that began on February 14. Trump claimed the situation has "already been addressed" and that people are being moved "rapidly," though he provided no further evidence.
However, TSA reports contradict the President’s optimism, with wait times hitting 165 minutes at Houston Hobby and reaching up to three hours at other locations.
A TSA spokeswoman attributed these "massive delays" to political maneuvering by Democrats, even as travelers face nearly hour-long waits in Atlanta, New Orleans, and Charlotte.
