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Trump says U.S. benefits from high oil prices; Iran, Israel continue to exchange fire

TT Editor·Updated: 12 Mar 2026 9:49 pm IST
Read time: 1 min
Trump says U.S. benefits from high oil prices; Iran, Israel continue to exchange fire

Former U.S. President Donald Trump recently stated that high oil prices are beneficial for the United States, a comment that has sparked significant international discussion. In the midst of escalating tensions in the Middle East, Iranian officials have issued stern warnings regarding potential attacks on their electricity grid, suggesting that such actions could lead to widespread blackouts across the region. Ali Larijani, Secretary of Iran's National Security Council, emphasized that any targeting of Iran's infrastructure would have severe consequences, potentially darkening neighboring countries as well. This exchange of rhetoric comes amid ongoing conflict between Iran and Israel, further complicating the geopolitical landscape. As both nations continue to engage in military actions against each other, the implications for regional stability remain concerning, particularly in light of Trump's remarks, which may influence global oil markets and diplomatic relations.

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