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President Donald Trump administration officials entered panic mode Sunday when oil prices skyrocketed following military operations in Iran, with the president President Donald Trump administration officials entered panic mode Sunday when oil prices skyrocketed following military operations in Iran, with the president

Trump reacts as his decision to bomb Iran backfires

Author: Rawstory
Source: Rawstory
2026/03/12 09:50
1 min read
TRUMP
TRUMP$2.854-2.39%
WHITE
WHITE$0.0000809+0.91%
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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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