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Trump's 2011 post saying ‘Oil would cost $300/barrel if Iran shuts Strait of Hormuz’ resurfaces
short by Bhawana Chaudhary / on Sunday, 15 March, 2026
US President Donald Trump's X post from 2011 has resurfaced amid US and Israel's ongoing war with Iran. "Once Iran has nuclear weapons, they will shut down the Strait of Hormuz. Oil will be over $300/barrel," Trump had written. Notably, Iran's effective closure of the passage has disrupted global energy markets, with oil prices surging up to $120/barrel.