Washington, March 8 (NationPress) US President Donald Trump expressed that he is unconcerned about escalating fuel costs amidst the ongoing conflict with Iran, asserting that the global oil market is sufficiently supplied and that any increase in prices will be short-lived.

During a press briefing aboard Air Force One, Trump referred to the military action as a brief engagement and dismissed concerns regarding its economic repercussions. “No, I’m not worried about gas prices right now,” Trump stated.

He described the military operation as a long-overdue intervention, asserting, “This is a short excursion into something that should have been done for 47 years. No president had the guts to do it,” he remarked.

Trump forecasted that while oil markets may experience short-term fluctuations, they would quickly stabilize. “We anticipated oil prices would rise… and they will decrease as well,” he added.

The President emphasized that global oil supply remains robust despite the turmoil in the Middle East. “There’s a lot of oil. Our country has a tremendous amount, and there’s plenty of oil available,” Trump stated.

His comments came in response to inquiries about potential actions the United States might take to stabilize energy markets during the ongoing conflict. Reporters also raised questions about recent U.S. Treasury decisions that permit specific Russian oil sales to continue flowing to India.

When asked if Washington could implement further measures to relieve pressure on global energy markets, Trump indicated that the administration stands ready to act if needed. “If there were some, I would do it just to alleviate a bit of the pressure,” he said.

The President also mentioned the possibility of utilizing the Strategic Petroleum Reserve if market conditions necessitate it. “Strategic reserve? Yeah,” Trump responded when questioned about accessing the reserve.

Additionally, Trump criticized the previous administration for diminishing U.S. emergency oil stockpiles. “I filled it up, and he brought it down to the lowest level it’s ever been,” Trump noted.

He indicated that the U.S. would decide when to replenish the reserve based on market conditions. “We will start at the appropriate time,” he affirmed.

The President also addressed worries regarding shipping through the Strait of Hormuz, a vital oil transit route. “That’s the ship’s choices,” Trump said in response to questions about diminished traffic in the waterway, asserting that Iran’s naval capacity had been significantly weakened during the conflict.

“We’ve wiped out their Navy. The Navy is now at the bottom of the sea,” Trump declared.

The Strait of Hormuz is an essential corridor for global oil trade, responsible for transporting approximately one-fifth of the world’s petroleum supply. Any disruption in this region can rapidly affect international oil prices.