Trump Says Iranian Mine-Laying Boats Destroyed

Oil prices soar after Iran names Mojtaba Khamenei the new supreme leader

Amid surging global oil prices triggered by escalating conflict in West Asia, United States President Donald Trump said the "short-term" spike is worth the cost if it eliminates Tehran's nuclear threat.In a post on Truth Social, Trump argued that oil prices would "drop rapidly" once Iran's nuclear capabilities are destroyed, adding that "only fools would think differently."