00:00White House Press Secretary Caroline Leavitt addressed concerns about rising oil prices
00:04during a press briefing on March 10th, following recent U.S. military action against Iran.
00:09At the end of February, the United States and Israel launched a joint attack on Iran,
00:13an operation that Donald Trump has called Operation Epic Fury. The strikes have raised
00:18concerns about the impact on global oil markets and fuel prices. During the briefing, Levitt
00:23acknowledged that oil and gas prices have recently increased but said the rise is temporary.
00:27She stated that once the national security objectives of Operation Epic Fury are achieved,
00:32Americans will see oil and gas prices drop rapidly, potentially falling below levels seen before the
00:37operation began. Levitt also said the goal of the operation is to ensure Iran can no longer threaten
00:42the United States or its allies with a nuclear weapon. Following the remarks, viewers and
00:47commentators responded on social media, with some criticizing the explanation for higher fuel prices
00:52and questioning how and when costs would decline. Others defended the administration and expressed
00:57confidence in the U.S. military. Ahead of the briefing, President Trump also addressed the
01:01issue of rising oil prices during a phone call with the New York Post on March 9th. Trump said he
01:06has a
01:06plan to address the situation but did not provide details about how oil prices would be reduced.
01:11According to the latest figures, oil prices have risen sharply since the start of the conflict,
01:15reaching nearly $120 per barrel. That represents an increase of about 65% compared with prices before the
01:22military operation. The current price level marks the first time oil has surpassed $100 per barrel since Russia's
01:28invasion of Ukraine in 2022. Officials have not provided a specific timeline for when fuel prices could begin to
01:34fall. Energy markets remain sensitive to developments in the Middle East and global supply concerns. The
01:40administration maintains that prices will stabilize once the operation's objectives are completed.
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