It’s striking that oil prices are just a bit over 100, which historically is not an excessively high price. So people might have heard President Trump say the US is a winner when oil prices go higher because we’re the world’s biggest oil producer now. George Bush, in his State of the Union, warned that America was addicted to oil, and high oil prices were bad for the United States, and we needed to get off of Middle Eastern oil. That was on 1 and 1/2, two million barrels a day, and not send oil prices skyrocketing in the process. And one of the tools we have to take to deal with high oil prices is to let Iran sell more oil, not just to sell more.

Source: International New York Times March 24, 2026 18:11 UTC