Trump says US profits from oil price surge, as war on Iran drives prices higher

Trump says US profits from oil price surge, as war on Iran drives prices higher US President Donald Trump has said the US stands to gain financially from rising oil prices triggered by the war with Iran, drawing criticism from some lawmakers. Oil prices climbed more than nine percent to around $100 a barrel as the conflict escalated. Reports said two crude tankers caught fire at an Iraqi port after suspected Iranian explosive boats struck them, while dozens of oil-laden ships remained stranded as the Strait of Hormuz stayed shut.