Global oil prices have surged past $100 per barrel for the first time in nearly four years as tensions escalate in the Middle East, prompting a strong reaction from U.S. President Donald Trump, who defended the war decision despite fears of economic fallout.

According to reports from international outlets including Al Arabiya and NDTV, crude oil benchmarks such as Brent and West Texas Intermediate (WTI) jumped sharply amid concerns that the ongoing conflict involving the United States, Israel, and Iran could disrupt global energy supplies.

Speaking via a post on his social media platform, Truth Social, Trump dismissed the spike in fuel prices, describing it as a “very small price to pay” if the conflict succeeds in eliminating Iran’s nuclear threat and ensuring global security.

He stated that the rise in oil prices would likely be temporary and would fall once the threat from Iran’s nuclear programme is neutralised. Trump also insisted the move is necessary for what he called “world safety and peace.”

Meanwhile, analysts say the spike is being driven by fears that the conflict could disrupt oil shipments through the Strait of Hormuz, a critical route responsible for transporting roughly 20% of the world’s oil supply.

Financial markets have already begun reacting to the crisis, with global stocks dipping and oil futures rising as investors brace for prolonged instability in the region.

Experts warn that if the conflict continues to escalate, oil prices could climb even higher, raising fears of inflation and economic pressure for countries heavily dependent on imported fuel.