President Donald Trump administration officials entered panic mode Sunday when oil prices skyrocketed following military operations in Iran, with the president reportedly "flipping out" as barrel prices approached $120. Financial Times columnist Ed Luce revealed the presidential meltdown on MSNBC, confirmed by White House insiders to Politico.
The spike exposed a fundamental miscalculation: administration officials never anticipated Middle East military operations would trigger energy market turmoil. Despite the disruption, a former Trump official stated the administration requires a "consistent, multiweek read" of oil prices before reconsidering strategy, indicating short-term spikes won't alter military decisions.
Monday saw damage control efforts targeting traders and anxious Republicans concerned the war contradicts their midterm message on lowering living costs. A Quinnipiac poll found over 70 percent of voters worry the conflict will drive up oil and gas prices, though White House spokesperson Taylor Rogers dismissed increases as temporary.
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