Trump: US benefits from high oil prices, but priority is stopping Iran - Reuters

<a href="https://news.google.com/rss/articles/CBMisAFBVV95cUxNUzFWZE5sSGRCeEVlbzh2bFU1a2d2OThxLXRQaXJuOUducjFyU2NkVzJFeTV1Q2xuWkdFSXFIdkNhRUk4c0FLQXhEQmwyRUstUWx6QUtKMVhURkR1Y05EYnJneEY1RUw4MzZDM3J2ZE50RHppZTA1SkExTm11R0NLTjlPdE1STzRCbkJpQjJCVGZwMW91dGRMTlRjQThmZ1RpemJyX0o2M0k5T1BtOTlMOQ?oc=5" target="_blank">Trump: US benefits from high oil prices, but priority is stopping Iran</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

As oil prices surge following the U.S. and Israel's war against Iran, President Trump is resisting calls to tap the Strategic Petroleum Reserve (SPR) to ease market pressure, emphasizing that the U.S. has abundant oil and downplaying concerns despite rising gasoline prices for American consumers.

U.S. oil and gas exporters are benefiting from higher prices due to the Iran conflict but cannot fill the supply gap caused by the effective closure of the Strait of Hormuz, as they are already operating near capacity, leading to larger profits but not increased exports.