As a result of the US-Israeli operation against Iran, the sharp increase in oil prices has caused the US administration to panic, reports CNN, referring to its sources.
According to their information, US President Donald Trump's advisers expected a short-term increase in oil prices in the first days of military operations, but the real scale of the market reaction surprised them. CNN notes that initially the US administration hoped to use the drop in gasoline prices as a key argument in favor of the Republican Party ahead of the November midterm elections.
However, when oil prices exceeded 100 dollars per barrel, it became clear that the steps taken by the US authorities could not alleviate the fears of a long-term energy crisis.
The US president previously stated that oil prices increased less than he expected. According to trading data, on the morning of March 9, the price of Brent oil for May 2026 delivery exceeded $119 per barrel on the London ICE exchange for the first time since June 17, 2022.
