
Trump says he has a plan after oil spikes
Donald Trump said he has a plan in response to the sharp rise in oil prices, offering no operational details but signaling that energy costs are becoming central to the political and strategic response.
This desk tracks the hard edge of geopolitics as it hits pricing: crude spikes, safe-haven flows, shipping stress, inflation expectations, and the derivative knock-on effects that start showing up when a regional crisis grows teeth.

Donald Trump said he has a plan in response to the sharp rise in oil prices, offering no operational details but signaling that energy costs are becoming central to the political and strategic response.

As Middle East tensions shake supply expectations, reports say India has purchased one million barrels of oil from Russia. The move underlines how major buyers are repositioning around risk, price and access.

Vladimir Putin said oil production tied to the Strait of Hormuz risks stopping completely within the next month, a warning that highlights how exposed global supply chains remain to chokepoint disruption.

Foreign Minister Araghchi said oil prices have doubled while inflation pressure is broadening, and claimed Tehran is prepared for further pressure on its energy and nuclear infrastructure.