The rising price of oil is making at least one country rich.
Donald Trump‘s brutal war on Iran has resulted in a financial bonanza for the country he has attempted to grind into submission. Iran is now earning almost double the amount in daily oil sales than it did before the U.
S. and Israel strikes were launched on Feb. 28. The country is currently exporting 2.4 million to 2.8 million barrels of oil and petroleum products per day, which includes 1.5 million to 1.8 million daily export of crude, an inside source familiar with Iran’s oil accounting confirmed toThose figures match, and may exceed, what Iran exported last year. The products are now also selling at much higher prices. Iran is now using the increased oil profits to boost its defense by funding its elite fighting force, the Islamic Revolutionary Guard Corps, the publication says. China is also assisting Iran, with funds moved to Asia to protect it from the Israeli military. Trump’s war, now in its fifth week, has effectively closed the Strait of Hormuz, meaning up to 20 percent of the world’s oil supply cannot reach its customers. Iran’s oil tankers are still passing through the Strait of Hormuz while other Gulf states have had their access limited, leading to a drop in exports. Iranian officials have also revealed they areon Air Force One on Sunday, Trump claimed Iran was sending the U.S. more “big boats of oil” as a “sign of respect.”The president called the 20 new boats “a tribute” and said they would start going through the Strait of Hormuz from Monday morning. “I would only say that we’re doing extremely well in that negotiation,” Trump claimed regarding his war talks with Iran. “But you never know with Iran, because we negotiate with them, and then we always have to blow them up.” Even after the war ends, the price of gas and oil will not drop immediately and will rely on the Strait of Hormuz safely reopening, as well as repairing nearby infrastructure, according to U.S. President Donald Trump waves as he boards Air Force One at Palm Beach International Airport in West Palm Beach, Florida, U.S., March 29, 2026.he knew his war on Iran and subsequent chaos in the Middle East would create an oil crisis, but did not care. “I thought it was going to be much worse,” the billionaire said. “I thought that the energy prices, oil prices, would go up higher. I thought the stock market would go somewhat lower. But it didn’t matter to me. It’s short-term.”report that the U.S. was letting a Russian oil tanker go to Cuba, the country he claimed would be “next” to be taken over by America.When asked if it “helps” Russian President Vladimir Putin, Trump disagreed. “He loses one boatload of oil. That’s all it is. It’s fine. If he wants to do that and if other countries want to do it, doesn’t bother me much.” The Pentagon is preparing for weeks of ground operations in Iran, involving Special Operations raids and infantry troops, according toon Sunday on Air Force One, Trump did not give a direct answer. “We have tremendous numbers of ships over there, we don’t need them all because of, you know, the power. I would say... we’re weeks ahead of schedule with Iran.”
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