Trump hints at potential oil price increases as part of economic strategy

US President Donald Trump has suggested that oil prices may need to rise again as part of his economic policy, whilst stopping short of committing to such a move. Speaking at an economic event in Las Vegas on Thursday evening, Trump acknowledged the likely consequences of raising oil prices but indicated the administration would seek to avoid such action if possible.

“We may have to raise oil prices again,” Trump told the audience. “You know what happens when we raise them, but we’re hoping we don’t have to do that.”

The comments reflect the delicate balance the Trump administration faces between supporting domestic energy producers and maintaining consumer-friendly fuel prices. Higher oil costs typically feed through to petrol pumps and broader inflation, affecting American households and potentially damaging economic growth.

Trump’s remarks come as his administration continues to pursue an “America First” energy policy that has emphasised domestic oil and gas production over renewable energy sources. The timing of his comments suggests ongoing discussions within his economic team about how to support the energy sector while managing inflationary pressures.

Source: Walla News — Original article in Hebrew.