Trump Says US Oil Companies Are Making a ‘Fortune’ Due to the Iran War
The president dismissed concerns over higher gas prices at a rally in Georgia
President Trump on Saturday boasted that US oil and gas companies are making a “fortune” due to the shipping disruptions in the Strait of Hormuz caused by his war with Iran, and dismissed the high gas prices that Americans are facing at the pump.
“While oil prices are temporarily high and will be falling dramatically in a short period of time … the United States oil and gas business is making hundreds of billions of dollars,” the president told supporters at a rally in Georgia.
“Our country is making hundreds of billions of dollars because of what’s happening in the Middle East because they’re coming to Texas, and they’re coming to Oklahoma, and they’re coming to Louisiana, and they’re taking that oil. They’re making hundreds of billions of dollars; our country is, and on top of it we have Venezuela, and we have Greenland,” he added.
The president said that he was advised not to make that point since Americans are paying higher gas prices. “My people said, ‘Please don’t mention that, sir, because people are paying a little higher,'” he said, adding that he could picture the “fake news headlines” about his comments.
“I don’t give a damn, I’m gonna say it: we’re making a freakin fortune. Our country is getting stronger and stronger all the time,” he said.
The increased energy costs for Americans are expected to be detrimental to the Republicans in the upcoming November 3 midterm elections, but Trump has expressed little concern and is speaking openly about how he may resume the bombing campaign against Iran either before or after the elections.
For their part, Iranian officials say that they’re ready to face another round of US-Israeli strikes and are warning that their retaliatory attacks will be much heavier and hit targets in the region that they previously spared.
https://news.antiwar.com/2026/10/25/trump-says-us-oil-companies-are-making-a-fortune-due-to-the-iran-war/
