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Trump calls for oil prices to be kept down after US strikes on Iran

(Reuters file)
23 June 2025 18:51

Washington (AFP)

US President Donald Trump urged on Monday for oil prices to be kept down as they fluctuated while the world eyes Tehran's response to US strikes on Iranian nuclear facilities.

"EVERYONE, KEEP OIL PRICES DOWN. I'M WATCHING!" Trump wrote on his Truth Social platform minutes after Wall Street started trading, with major US indexes treading water.

Trump cautioned against "playing right into the hands of the enemy."

Trump urged the US Energy Department in a separate social media post to "DRILL, BABY, DRILL!!! And I mean NOW!!!"

International benchmark crude contract Brent and US equivalent WTI both rocketed more than four percent to their highest price since January when trading opened on Monday.

They later slipped briefly into the red and edged up 0.3 percent as Wall Street opened for trading.

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