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President Trump confirmed rising oil prices due to escalating conflict in the Middle East, particularly with Iran, as the U. S. engages in further military actions. This situation is causing significant disruptions in global markets, travel, and energy prices.
WASHINGTON, DC - MARCH 03: U.S. President Donald Trump meets with German Chancellor Friedrich Merz in the Oval Office of the White House, March 3, 2026 in Washington, DC. Trump and Merz are expected to discuss a range of topics, including the recent U.S. and Israeli attacks on Iran and international tariffs imposed by the Trump administration. (Photo by Win McNamee/Getty Images)
Credit: (Win McNamee / Getty Images)
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