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'I'm watching!' Trump demands oil prices stay down after US strikes on Iran Trump took to social media on Monday to demand that oil prices stay down in the wake of US attacks on Iran. Oil prices were down slightly on Monday after initially spiking on news of the attacks. Iran has the power to close the Strait of Hormuz, a key oil-shipping route. President Donald Trump does not want to see oil prices rise in the wake of the US attack on Iran's nuclear facilities over the weekend. Following the US attack on three Iranian nuclear sites, investors are waiting and watching as the potential for retaliation from Tehran raises uncertainty. While the US market's reaction has been muted so far, Iran has floated the possibility of shutting down the Strait of Hormuz, a key shipping port for the oil industry. Such a move would disrupt global oil flows, throttling supply and likely raising prices, but Trump took to Truth Social on Monday to demand that oil prices do not move higher after the attacks. "EVERYONE, KEEP OIL PRICES DOWN. I'M WATCHING!" He added that raising oil prices would be "playing into the hands of the enemy." In a follow-up post, Trump used the moment to promote his "drill baby drill" mantra, which was part of his message while on the campaign trail last year. "Since day
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