Trump: Short-term oil price increases are tolerable, priority is to eliminate the Iran threat

Golden Ten Data reported on March 4 that U.S. President Trump stated on Tuesday that he can tolerate rising oil prices for a period of time, as it is more important to eliminate the "imminent" threat from Iran. Due to the ongoing conflict and no signs of resolution, uncertainty in oil supply has led to a significant increase in U.S. gasoline prices. Trump said that so far, military actions against many Iranian naval and aerial targets have been successful. "Almost all targets have been destroyed." However, Trump predicted that with continued strikes, Iran would eventually lose the ability to launch missiles. He said: "They have launched many missiles, and we are destroying many."