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Trump Blames Ukraine Strikes on Russia and US Closures for Rising Fuel Prices
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Moneycontrol•05-10-2026, 22:13
Trump Blames Ukraine Strikes on Russia and US Closures for Rising Fuel Prices
- •US President Donald Trump stated that Ukraine strikes on Russian energy infrastructure and domestic refinery closures are driving up gasoline prices.
- •Trump noted that the Strait of Hormuz is no longer the main factor, with record volumes of oil currently moving through the waterway.
- •Ukraine has increasingly targeted Russian oil refineries to disrupt Moscow revenue and military fuel supplies.
- •Trump also criticized refinery shutdowns in the US, specifically pointing out California and blaming Democratic politicians.
Key Questions Answered
US President Donald Trump stated that Ukraine's long-range strikes targeting Russian energy infrastructure and oil refineries are driving up fuel costs. He argued that record volumes of oil are moving through the Strait of Hormuz, making it no longer the primary factor behind higher gasoline prices.
Donald Trump called on Ukrainian President Volodymyr Zelenskyy to halt strikes against Russian diesel facilities. Trump warned that these attacks are causing a global fuel shortage and driving diesel prices to record levels.
US Treasury Secretary Scott Bessent pointed to both Ukraine's attacks on Russian oil infrastructure and the ongoing conflict involving Iran as key drivers behind the global energy price shock and supply disruptions.
