Trump Says US Could Profit From Rising Oil Prices, Iran Disputes 'Americans Won't Make Money'

Last Updated:March 13, 2026, 09:21 IST

Araghchi's remarks came after ‌Trump said rising ⁠oil ​prices ​mean greater profits for ​the ​US, but ‌his ⁠priority is stopping ​Iran ​from ⁠having nuclear ​weapons.

As the tensions in West Asia is set to entered its second week, Iran’s Foreign Minister Abbas Araghchi stated that Americans will not be able to “make money" from surging oil prices and tariffs. He further accused the United States of enriching corporations and crushing households.

Araghchi’s remarks came after US ​President Donald ‌Trump ​on ​Thursday said that rising ⁠oil ​prices ​mean greater profits for ​the ​United States, but ‌his ⁠priority is currently stopping ​Iran ​from ⁠having nuclear ​weapons.

The Iranian minister claimed that Tehran, during the negotiation talks mediated by Oman in Geneva last month, proposed to formally seal its refusal to develop nuclear weapons, but Washington turned down the proposal as the US officials were not able to grasp the “technical details".

Referring to what he termed as “factual knowledge," Araghchi in a post on X wrote, “Case 1: Iran’s proposal to ensure NO NUCLEAR WEAPONS was dismissed because US counterparts didn’t grasp the technical details."

“Case 2: Americans won’t ‘make money’ from surging oil prices and tariffs. They enrich corporations and crush households," he added.

READ MORE: Iranian FM Claims Tehran Proposed To Ensure ‘No Nuclear Weapons’, But US Officials Dismissed

What Did Trump Say?

Trump on Thursday said that stopping Iran from getting nuclear weapons was more important to him than controlling oil prices.

“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money. BUT, of far greater interest and importance to me, as President, is stoping an evil Empire, Iran, from having Nuclear Weapons, and destroying the Middle East and, indeed, the World," he said in a post on his Truth Social platform.

News world Trump Says US Could Profit From Rising Oil Prices, Iran Disputes 'Americans Won't Make Money'

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