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President Donald Trump says he has a “plan for everything” when it comes to spiking oil prices amid Operation Epic Fury in Iran and its disruption of the global oil markets.
According to comments made to The Post, the president said, “I have a plan for everything, okay?”
“You’ll be very happy,” he added.
As the United States enters its tenth day of combat in the U.S.-Israeli operation against Iran, anxiety about oil prices has run amok, especially as traffic in the Strait of Hormuz – an integral shipping channel in the Middle East – has come to a near-halt amid the violence overseas.
Oil prices have spiked up and down over the past few days, and the stock market has had its share of frenetic activity since the combat operation was launched. According to NBC, the price of U.S. crude oil rose by 32 percent overnight and then dropped by five percent on Monday morning. Some reports have emerged that have suggested ships have begun transporting oil in the Strait of Hormuz by playing it safe and turning off their transponders while crossing.
While speaking on the phone to CBS Senior White House Correspondent Weijia Jiang on Monday, President Trump further expressed his opinion that the war was “complete.”
“I think the war is very complete, pretty much,” he stated. “They have no navy, no communications, they’ve got no Air Force.”
Such positive comments from the president could instill optimism in the markets this week as Operation Epic Fury continues. The Pentagon and the White House have consistently projected a four to six-week timeline for the execution of this operation, which includes destroying Iran’s ballistic missile program, destroying its nuclear capabilities, incapacitating its global terror network, and decimating the Iranian Navy.
President Trump told CBS that the U.S. military was “very far” ahead of its projected timeline. The president also confirmed that some ships were indeed moving through the Strait of Hormuz and suggested his administration is “thinking about taking it over.”
