Trump says oil prices rose 'very little' from Iran conflict, less than he expected

President Trump publicly acknowledged that oil prices increased only marginally in the wake of the U.S.-Iran conflict, stating the rise was 'very little' and adding, 'I thought it would go up more.' The comment suggests the administration views the market reaction as contained relative to initial expectations.

Oil markets have historically been sensitive to any escalation involving Iran, a major producer and a key player in the Strait of Hormuz. The muted price response, if sustained, could reduce inflationary pressure on energy costs and give the Fed more room on rates — though geopolitical situations of this nature remain fluid.