economy

May 3, 2026

Fico says oil prices driven by Trump’s mood as Brent hits four-year high

Slovak PM Robert Fico said oil prices depend on Donald Trump’s mood after crude hit a four-year high amid reports of Iran strike plans

Fico says oil prices driven by Trump’s mood as Brent hits four-year high

TL;DR

  • Slovak Prime Minister Robert Fico sarcastically stated that oil prices rise and fall based on U.S. President Donald Trump's sleep and mood.
  • Crude oil prices surged to a four-year high amidst reports of potential U.S. military strikes on Iran.
  • Oil prices experienced extreme volatility following past U.S. and Israeli actions against Iran and Iran's subsequent response.
  • Global energy supply chain concerns have also led to gas price surges and market volatility.
  • Analysts observe that global markets are very sensitive to political signals and policies from the Trump administration.
  • Fico also expressed concerns about potential U.S. aggression toward Cuba and Trump's claims on Greenland.

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