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Soaring U.S. Oil Prices Pose 'Political Risk' for Trump Administration
Soaring U.S. Oil Prices and Political Pressure
Rising gasoline prices in the U.S. are significantly impacting the Trump administration's political standing. In a car-centric society, gasoline prices are the most direct indicator of rising living costs that people experience. Living costs and economic issues are expected to be major battlegrounds in the upcoming November midterm elections, and the surge in gasoline prices is projected to be a significant blow to Trump. U.S. media outlets assess that Trump has taken on political risk, reporting that even Republican lawmakers are expressing dissatisfaction, stating there's "a limit to enduring the surge in gasoline prices."
Economic Impact on Military Operation Decisions
The surge in oil prices is also raised as a potential factor influencing President Trump's decisions on military operations. There are observations that if resistance from Trump's supporters and the overall economic impact on stock prices and government bonds intensify, Trump might withdraw from an attack on Iran prematurely. In the past, Trump reacted sensitively to economic conditions, such as withdrawing tariffs when stock or bond prices fell, leading to the assertion that "only the market can stop Trump."
Trump's Apprehension and Possibility of Early Resolution
Recent polls show 36% support and 62% disapproval for the Trump administration's inflation response measures, revealing Trump's apprehension. His statement during an interview with Israeli media on the 8th (local time) regarding halting attacks, "I will make a decision at an appropriate time, considering all circumstances," also suggests the possibility of an early resolution. This indicates that he is being cornered by the surge in crude oil prices that he himself brought about.
*Source: YouTube: NTV NEWS (2026-03-09)*
