Trump: Iran Strike to Cause Minor Oil Price Hike, With Increase Capped at $2

BlockBeats News, July 8th - According to Al Jazeera, President Trump stated that the oil price will experience a "slight" increase due to the recent attack on Iran. When asked about the impact of the U.S. attack on Iran the day before, Trump said, "Every time we strike (Iran), the oil price tends to increase slightly, by about $2."

When a reporter inquired whether a new round of conflict between the U.S. and Iran could lead to a rise in oil prices, he agreed and insisted that the increase would be limited to $2.