Trump Frustrated Over Rising Oil Prices Amid Middle East Tensions

President Donald Trump expressed frustration over the recent surge in oil prices, attributing the increase to rising tensions in the Middle East, particularly linked to upcoming talks with Iran about its nuclear program. Despite the price spike, Trump reassured that inflation remains under control and expected prices to decline soon. The U.S. has relocated personnel from the Middle East amid concerns of potential conflict, with Trump emphasizing that the U.S. will not allow Iran to develop nuclear weapons. He also noted the possibility of an Israeli strike on Iran, describing the situation as precarious. Meanwhile, U.S. crude oil production is forecasted to decline slightly due to reduced drilling activity despite Trump's energy policies aimed at boosting domestic output. Market reactions to geopolitical risks have caused oil prices to reach their highest levels since April before easing slightly.