Trump says he was prepared for oil to hit $250 during Iran operation

President Donald Trump has said that during preparations for a potential military operation against Iran, he had considered the possibility of a sharp rise in global oil prices, including levels reaching between $200 and $250 per barrel, and was prepared for the potential economic impact on the US.

In comments made in an interview with radio host Hugh Hewitt, Trump indicated he had also anticipated that US equity markets could fall by 20–25% at the outset of the operation.

"And, very importantly, you know, one of the reasons, when I first did this, I thought maybe the market would go down 20 or 25%. And I was okay with that, because I know it would come back up," Trump said.

He added that oil prices currently around $100–102 per barrel are, in his view, manageable and beneficial for the United States.

"I thought it would go down, and I thought oil could hit $200-250. Oil’s at $100 dollars, $102 dollars. And you did, too. Most people did. You know the genius of the whole thing is people have found ways around the Hormuz Strait," he stated.

By Aghakazim Guliyev