Many people say that Trump deliberately refuses to negotiate with Iran just to profit from high oil prices, but little do they know that the United States is a capitalist society, and the money earned does not necessarily go into Trump's pocket. However, high oil prices put tremendous political and public approval pressure on Trump.
If Trump really wanted high oil prices, why would he call on energy companies to lower prices? The key issue is that high oil prices trigger domestic dissatisfaction; when people's lives are unhappy, support decreases, and this support rate directly affects the midterm elections.
The midterm elections are Trump's last chance in office to purge the Democratic Party and the Republican establishment, so they are very important for the second half of his term.
Actually, speaking frankly, businessmen pursuing profit, even profiting from national crises, is not uncommon in the U.S., and this is not the first time such a thing has happened. Many may have overlooked an event: early in this year's U.S.-Iran conflict, Trump called a meeting with American energy giants to discuss expanding capital expenditure to increase U.S. crude oil production capacity.
But several energy companies directly refused, citing the need to maintain cash flow. Obviously, the old capital is not afraid of this "transient American president." They weren't afraid then; are they really afraid of the current threat to lower prices?
Instead of accusing Trump of "incompetence," it would be better to study how to solve the Iran issue. When international oil prices return to normal, domestic oil prices in the U.S. will naturally drop significantly. Of course, this option is not easy; Trump is somewhat "caught between a rock and a hard place"! #美伊重回谈判桌,油价回吐
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