US President Donald Trump has cheered what he called a record day for global energy shipments, revealing that a staggering 19 million barrels of oil flowed through the critical Strait of Hormuz on Monday.
This milestone followed a three-month war that severely disrupted global energy markets and drove up consumer inflation.
Taking to Truth Social on Tuesday morning, Trump declared that oil prices are ‘tumbling down’ and insisted that the sudden stabilization of global energy markets has made the world ‘a much safer place.’
The national average price of a gallon of gas has plunged and stood at $3.92 on Monday, marking a decline of 13.6 percent when compared to a month earlier, data from AAA showed.
The comments come amid a fragile peace deal with Iran, a tense standoff that Trump addressed directly in the Oval Office on Monday.
Facing questions from reporters on whether future US military strikes would risk global economic catastrophe if Iran violates the current Memorandum of Understanding (MOU), Trump was blunt about his priorities.
‘Nuclear weapon supersedes depression,’ Trump fired back.
‘Depression is real bad. Nuclear weapon will cause depression much more quickly,’ the President warned, defending his aggressive posturing against Tehran’s nuclear ambitions.
Trump argued that his administration’s current strategy is yielding the exact opposite of an economic downturn, pointing directly to the heavily guarded shipping lanes in the Middle East.
While the announcement successfully triggered a major drop in international oil prices, the geopolitical situation remains sensitive as both nations navigate the terms of the fragile peace.
